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Medvedev Pushes Ruble Reserve Currency to Cut Dollar Dominance

http://www.businessweek.com –

Russia wants the ruble to be one of the world’s reserve currencies as President Dmitry Medvedev renews his push to reduce the dollar’s dominance and make Moscow a global financial hub. “Only three, five years ago it seemed like a fantasy” to create a new reserve currency, Medvedev said yesterday in a speech in St. Petersburg, Russia. “Now we are seriously discussing it.”

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Created by Deslock Darkstar 2 years 48 weeks ago – Made popular 2 years 48 weeks ago
Category: Money   Tags:

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