Japan's Sakakibara: Dollar Will Remain Reserve Currency - Bloomberg

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Wednesday, Japan's former Vice Minister of Finance for International Affairs, Eisuke Sakakibara said the U.S. dollar will stay the main reserve currency, Bloomberg reported.

That was days after the Geneva-based UN Conference on Trade and Development said the role of the U.S. dollar as the main reserve currency should be given to a new global currency, overseen by a new global bank.

"The U.S. will remain as the world leader for at least a few more decades," Sakakibara said in Tokyo.

"The dollar will stay the reserve currency for the next 20 years," he asserted.

Wednesday, Japan's former Vice Minister of Finance for International Affairs, Eisuke Sakakibara said the U.S. dollar will stay the main reserve currency, Bloomberg reported. (Market News Provided by RTTNews)