Russia's Medvedev: Supranational currency will be created

YEKATERINBURG, June 16 (Reuters) - Russian President Dmitry Medvedev said on Tuesday existing reserve currencies, including the dollar, have not performed their function, and a new supranational currency was in the making. "We are likely to witness the creation of a supranational reserve currency ... which will be used for international settlements," Medvedev told a new conference. "Although volumes will be limited.

"The existing currency system is not ideal. There is a range of risks, including inflation risks," Medvedev said. (Reporting by Gleb Bryanski)