U.S. Treasury Secretary Yellen: There is really no other currency that can compare to the U.S. dollar

U.S. Treasury Secretary Yellen said that the U.S. dollar is and will continue to be the world's main reserve currency. It is vital to the United States. The status of the U.S. dollar is indeed based on our strong macroeconomic performance, low inflation, sound institutions, strong capital markets, rule of law, and very deep and liquid capital markets. There is really no other currency that can compare with the U.S. dollar. Confidence in the status of the U.S. dollar will ensure that we continue on a sound fiscal path, which does require reducing the deficit in the coming years. It is very important to continue to focus on keeping the actual net interest cost of debt close to historical levels and below 2%. (Jinshi)