And the market just plain dumped after this little fiasco this morning... Wonder why... 
Geithner Affirms Dollar After Remarks Send It Tumbling
Published: March 25, 2009
Treasury Secretary Timothy F. Geithner on Wednesday said that the dollar would remain the world’s dominant reserve currency for some time to come, clarifying earlier remarks that sent the dollar tumbling. “The dollar remains the world’s dominant reserve currency,” Mr. Geithner said after a speech in Midtown Manhattan to the Council on Foreign Relations. “I think that’s likely to continue for a long period of time.”
Mr. Geithner’s comments came in response to a question regarding a proposal by Zhou Xiaochuan, the governor of the People’s Bank of China, that suggested a possible replacement for the dollar as a global reserve currency. The proposal called on the International Monetary Fund to increase the use of "Special Drawing Rights" — a basket of currencies made up of the euro, yen, pound and dollar that has served as a reserve asset.
The dollar plunged earlier in the morning after Mr. Geithner, in response to another question, said China’s suggestion “deserves some consideration,” though he added that he had not read the proposal. The dollar rebounded later on Mr. Geithner’s clarification.