Medvedev believes rouble can become regional currency
09:09, 3 June 2009
MOSCOW. June 3. KAZINFORM Russian President Dmitry Medvedev is confident that the rouble can become one of the regional reserve currencies, first of all within the Commonwealth of Independent States (CIS), and he also believes an idea to create a supranational reserve currency is productive, Kazinform refers to ITAR-TASS.
In an interview with U.S. CNBC television, the Russian president reminded the audience that at the St. Petersburg Forum one year ago he warned that the dollar would no longer be able to fully assume the role of reserve currency in the world.
"The world needs more reserve currencies," Medvedev said. "The perception of the dollar has naturally changed because of the crisis in the American economy." "The whole world is dependent on the health of the dollar," Medvedev said.
"...My idea is that at the moment the world needs a larger number of reserve currencies and it not because the dollar is bad or the euro is not sufficient. But the situation is that the current environment requires that we need to have more reserve currencies where people could be investing, where banks could be investing," the Russian leader emphasized, Kazinform cites ITAR-TASS. See www.itar-tass.com for full version.