Chinese and Russian Alliance on Dollar
It certainly didn’t take them long, did it?
“Russia and China are coordinating proposals on a new global currency that could replace the US dollar as a reserve currency to prevent a repeat of the global economic crisis, the Kremlin said on Monday.
“We have received proposals from our colleagues in China, detailed proposals,” President Dmitry Medvedev’s top economic adviser Arkady Dvorkovich said. “Our positions are very similar.
“We have similar positions on the development of the international financial architecture,” he told reporters…
Posted on May 18, 2009, in Mainstream and tagged Arkady Dvorkovich, Dmitry Medvedev, Financial Architecture, Global Currency, global currency proposals, Global Economic Crisis, Kremlin, Russia and China. Bookmark the permalink. Leave a comment.