• Most Popular
  • Most Shared

Russia says world needs new reserve currencies

Tue Jun 16, 2009 2:05am EDT

YEKATERINBURG, Russia, June 16 (Reuters) - Russian President Dmitry Medvedev said on Tuesday the world needed new reserve currencies.

Currencies  |  Russia

"We have to consolidate the international monetary system, not only through the consolidation of the dollar but the creation of new reserve currencies," Medvedev said at a summit of the Shanghai Cooperation Organisation (SCO) in the Urals city of Yekaterinburg. (Reporting by Conor Sweeney, editing by Guy Faulconbridge)

Currencies
Russia


More from Reuters

Ex-wife sues SAC's Cohen, alleges insider trading

NEW YORK/BOSTON (Reuters) - Hedge fund magnate Steven A. Cohen was accused by his former wife on Wednesday of hiding millions of dollars from her and of engaging in insider trading in a high-profile merger in the 1980s.

» More Top News
An an exit sign is pictured in New York City October 14, 2006. REUTERS/Lucas Jackson
Interview:

No stimulus exit in sight

The man who predicted the fallout from the property bubble says it's still too early to talk about exiting easy money policies. In fact, more stimulus is on the way.  Full Article 

ECONOMY
The tail section of the turboprop MQ-9 Predator B drone is seen on the tarmac at Fort Huachuca, Arizona, December 5, 2006.

Just don't say the D-word

In the high-testosterone world of military jets, the words "drone" and "unmanned aerial vehicle" don't fly. Now there's a new term in town.  Full Article 

AEROSPACE & DEFENSE SUMMIT