China’s HU: International forex system thing of past

WASHINGTON,  (Reuters) – China’s President Hu Jintao  called the international currency system, which is dominated by  the U.S. dollar, a “product of the past” but said it would be a  “fairly long process” to make China’s own currency an  international one.
Hu, who will visit Washington this week, also said “the  liquidity of the U.S. dollar should be kept at a reasonable and  stable level.” He made the comments in a very rare written  interview with two U.S. newspapers, the Wall Street Journal and  the Washington Post.