France calls for 'rebalancing' of world currencies

(AGI) Rome, July 7 - French Finance Minister Michel Sapin iscalling for a "rebalancing" of world currencies and an end tothe U.S. dollar's international payments monopoly, theFinancial Times reported on Monday. With BNP Parisbas, France'slargest bank, recently fined 9 billion dollars for violatingU.S. sanctions against Iran, Sudan and Cuba, Sapin said theincident "should make us realise that we need to use a varietyof currencies" for international transactions. . .

(AGI) Rome, July 7 - French Finance Minister Michel Sapin iscalling for a "rebalancing" of world currencies and an end tothe U.S. dollar's international payments monopoly, theFinancial Times reported on Monday. With BNP Parisbas, France'slargest bank, recently fined 9 billion dollars for violatingU.S. sanctions against Iran, Sudan and Cuba, Sapin said theincident "should make us realise that we need to use a varietyof currencies" for international transactions. . .