ST. ANDREWS, Scotland -(Dow Jones)- China urged nations that issue major reserve currencies to keep their currencies and their exchange rates stable, state-run Xinhua News Agency reported Saturday, citing Finance Minister Xie Xuren.
While urging nations to maintain the stability and continuity of their economic policies, Xie also urged them to take timely measures against possible risks, including inflation, according to the report.
Xinhua also cited People's Bank of China Gov. Zhou Xiaochuan as calling for an increase in the proportion of senior management and staff at international financial institutions that come from developing nations.
He repeated China's call for the International Monetary Fund to step up its oversight of economic policies and financial supervision in major developed economies, according to the report.
-By Terence Poon, Dow Jones Newswires; 8610 8400-7799; terence.poon@dowjones.com
(END) Dow Jones Newswires
November 07, 2009 14:24 ET (19:24 GMT)