White House: Dollar will remain world's reserve currency


The White House has reassured investors that the dollar will remain the world's reserve currency.

"Despite whatever talk you might have heard, I don't see that there is movement away from the notion of the dollar being that currency," White House spokesman Robert Gibbs told reporters Thursday at a briefing at the start of the second day of the three-day G-8 meeting in L'Aquila, Italy, Bloomberg News reported.