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White House: Obama to raise currency issue with Wen

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Yuan banknotes are seen in this illustrative photograph taken in Beijing September 19, 2010. REUTERS/Petar Kujundzic

Yuan banknotes are seen in this illustrative photograph taken in Beijing September 19, 2010.

Credit: Reuters/Petar Kujundzic

WASHINGTON | Tue Sep 21, 2010 3:00pm EDT

WASHINGTON (Reuters) - President Barack Obama will bring up the issue of China's yuan currency when he meets with Chinese Premier Wen Jiabao in New York this week, White House spokesman Robert Gibbs said on Tuesday.

"It is obviously an issue of concern ... and I anticipate it will be one of the many issues that will be brought up," Gibbs said at a daily news briefing.

(Reporting by Patricia Zengerle, editing by Ross Colvin)

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Comments (2)
gAnton wrote:
Why don’t we make a deal with China where would exchange Presidents for the rest of Obama’s term. That would fix them!

Sep 21, 2010 6:16pm EDT  --  Report as abuse
barberrr wrote:
Prediction:

During the 2010 Christmas-New Year holiday season, the U.S. Treasury and Federal Reserve will devalue the dollar by one-half.

When the Chinese and Saudis demand payment for their past loans and T-bills, we will pay them back with “new” dollars. Of course, that means your 401k and pension plan values will instantly drop by 50%, all at the stroke of a pin.

Return to the gold standard anybody?

Sep 22, 2010 1:16pm EDT  --  Report as abuse
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