March 23 (Bloomberg) -- China’s central bank Governor Zhou Xiaochuan said the International Monetary Fund should aim in the long-term to create a “super-sovereign reserve currency.”

The goal is to have a “currency that is disconnected from individual nations and is able to remain stable in the long run,” Zhou said in a report posted on the central bank’s Web site today.

China will present its proposals to reform the IMF at next month’s Group of 20 Nations summit, including plans to improve the organization’s supervision of economic and financial policies by major reserve currency nations, Hu Xiaolian, head of the foreign-exchange regulator, told reporters in Beijing today.

Zhou also said “special considerations” should be given to increasing the role of the so-called Special Drawing Rights, or SDRs. SDRs should be allowed to be used in global currency settlements, trade and commodity pricing, Zhou said.

SDRs, established in 1970, is a country’s reserve account with the IMF where the SDR unit of “currency” is valued against a composite of the major world currencies. A nation may draw against these reserves to support its currency via foreign exchange transactions.

Zhou also calls for “centralized management of part of the global reserve” by the IMF to help boost the organization’s function in “deterring speculation and stabilizing financial markets.”

To contact the reporter on this story: Yanping Li in Beijing at yli16@bloomberg.net

Last Updated: March 23, 2009 07:44 EDT