Russian Prime Minister tells CNBC its Time For World To Move Away From Reliance On US Dollar

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Russian Prime Minister tells CNBC its Time For World To Move Away From Reliance On US Dollar

Source: http://investmentwatchblog.com

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Russia’s Prime Minister Dmitry Medvedev told CNBC that the world must move away from its dependence on the U.S. dollar, arguing that the global economy would benefit from a more diversified currency system.

In an exclusive interview that aired Wednesday, Medvedev said he did not have a “special negative attitude” toward the dollar— the global reserve currency—but said a “much more just financial system” was possible.

“We have nothing against the dollar, but we believe that today’s currency system should be more balanced,” he said in the interview Tuesday. He called for a greater number of major reserve currencies, which are held as foreign exchange reserves by the world’s central banks and are used in international trade.

http://www.cnbc.com/id/102086355

“We’re in a hell of a mess. If the world drops the ‘Petrodollar,’ we’ll have a hot war in a week.
http://youtu.be/KXGPzDq45gM
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Russian Prime Minister tells CNBC its Time For World To Move Away From Reliance On US Dollar