Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united...
Tag - new Currency
A crisis is not a good time for seeking alternatives to the US dollar. Most likely, the dreams about new regional currencies will be put aside. The countries...
The US dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5...
Treasury Secretary Timothy Geithner sent the dollar tumbling with comments about China’s ideas for overhauling the global monetary system, only to drive it...
People’s Bank of China Gov. Zhou Xiaochuan called Monday for the creation over time of an international reserve currency that isn’t linked to any one nation as...
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