Russia to Propose New Reserve Currency at G20

peaceandlove · 03-18-2009, 10:28 AM

Russia to propose new reserve currency at G20

Mon Mar 16, 2009 2:45pm IST

Excerpt:

"We urge the reform of the international currency and financial system," Russia said in its proposals to the G20, which were published on the Kremlin Website, www.kremlin.ru. Russia proposed tasking the International Monetary Fund (IMF) with researching the possibility of widening the list of reserve currencies, creating a new reserve currency, or using the IMF's special drawing rights (SDRs) as a super-reserve.

"It seems appropriate to consider the role of the IMF in this process and also to assess the possibility and the necessity of taking measures which would enable (IMF) special drawing rights to become a super reserve currency accepted by the whole of the international community," Russia said. Leaders of the G20 leading economies will meet next month in London.

Complete article: http://www.campaignforliberty.com/wire.php?view=3456

03-18-2009, 10:28 AM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Russia to Propose New Reserve Currency at G20 Russia to propose new reserve currency at G20 Mon Mar 16, 2009 2:45pm IST Excerpt: "We urge the reform of the international currency and financial system," Russia said in its proposals to the G20, which were published on the Kremlin Website, www.kremlin.ru. Russia proposed tasking the International Monetary Fund (IMF) with researching the possibility of widening the list of reserve currencies, creating a new reserve currency, or using the IMF's special drawing rights (SDRs) as a super-reserve. "It seems appropriate to consider the role of the IMF in this process and also to assess the possibility and the necessity of taking measures which would enable (IMF) special drawing rights to become a super reserve currency accepted by the whole of the international community," Russia said. Leaders of the G20 leading economies will meet next month in London. Complete article: http://www.campaignforliberty.com/wire.php?view=3456