Treasury Secretary Timothy Geithner said he sees a “strong consensus” among Group of 20 nations to reduce reliance on exports for growth and defended the dollar’s role as the world’s reserve currency.
“A strong dollar is very important in the United States,”
Geithner yesterday reiterated that the U.S. doesn’t intend for the dollar’s role in the global economy to diminish.
“We have a special responsibility here in the United States to make sure we are doing the things in this country to preserve confidence in the U.S. financial system -- confidence that’s very important to sustain the dollar’s role as the principle reserve currency in the international financial system,” Geithner said.
“We expect, as I think countries expect around the world, the dollar to retain that position for a very long time,” he said.
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