"We have been talking (with China) that we clearly need to seek alternative currencies because our world is becoming more multilateral," Redrado told Xinhua on the sidelines of the Inter-American Development Bank (IDB) governors assembly.
"Clearly the dollar has suffered an important punch and alternatives are needed," Redrado said.
"Argentina will work with China in the framework of the G20 and in other multilateral forums to seek this kind of alternatives," Redrado said.
Venezuela's Finance Minister Ali Rodriguez told Xinhua that it is necessary to create a new currency for international settlements, considering the weakening dollar and uncertainties of the U.S. economy.
A new international currency will facilitate trade amid the current situation, said Rodriguez, noting that Brazil and Argentina already use local currencies in bilateral trade.
