Saturday, July 11, 2009

New World Currency

Here it is...

Mr Medvedev, who has been seeking ways to displace the dollar as the world's dominant reserve currency, produced a sample coin of what he described as a 'united future world currency'...

...The possibility of a supranational currency “concerns everyone now, even the mints,” Mr Medvedev [president of Russia] said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.”

Russia, alongside China and India, have all questioned the dollar's future as a global reserve currency - a status it has enjoyed since inheriting it from sterling last century.

Speaks for itself. Will it happen? We'll just have to wait and see...

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