July 3 (Bloomberg) -- Former Chinese Vice Premier Zeng Peiyan urged today more supervision of nations issuing global reserve currencies, including oversight of fiscal and current- account deficits. He said there would be no dramatic change to the international currency system in the short term, so “your currency is likely to become my problem.”

Zeng, the head of the China Center for International Economic Exchanges, spoke at a Beijing forum today. His comments were in an online transcript. The research center is under the National Development and Reform Commission.

To contact the reporter on this story: Paul Panckhurst in Beijing at ppanckhurst@bloomberg.net

Last Updated: July 2, 2009 21:39 EDT