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Dollar should be replaced as international standard, U.N. report says - CNN.com

"New York (CNN) -- The dollar is an unreliable international currency and should be replaced by a more stable system, the United Nations Department of Economic and Social Affairs said in a report released Tuesday. The use of the dollar for international trade came under increasing scrutiny when the U.S. economy fell into recession. 'The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency,' the report said."

Under proposed system, countries would not have to buy up foreign currencies, as China has done with U.S. dollar.

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