UPDATE 1-China says dollar to remain leading world currency
* Vice minister sees dollar pre-eminence for years to come
* Idea of new reserve currency is 'academic discussion'
* China appreciates U.S. govt efforts for stable dollar
(Adds details, quotes, background)
ROME, July 5 (Reuters) - Chinese Vice Foreign Minister He Yafei said on Sunday the U.S. dollar would continue to be the world's leading reserve currency for years to come.
"The U.S. dollar is still the most important and major reserve currency of the day, and we believe that that situation will continue for many years to come," He told a news briefing in Rome before this week's Group of Eight summit.
Beijing has floated the idea of an alternative to the dollar as global reserve currency and wants the topic broached at the summit starting in Italy on Wednesday.
The vice minister said Chinese officials had voiced concern about the safety of the country's dollar-denominated assets. "That is natural," he said. Continued...
One Year Later
A year after militants laid siege to Mumbai, the country still remains very vulnerable. Full Article | Full Coverage
Liberhan Commission Report
The government published a long awaited report, recently leaked, accusing BJP leaders of a role in the 1992 destruction of the Babri mosque in Ayodhya. Full Article
