Tuesday, June 2, 2009

re BRIC May Discuss Moving From Dollar: Kremlin

Translation: After taking away millions of Americans' wealth in trillions over decades, now, moving on to BRIC.
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BRIC May Discuss Moving From Dollar: Kremlin
| 02 Jun 2009 | 09:38 AM ET

A basket of currencies would be better than just the dollar or euro as world reserve currency, Russian President Dimitry Medvedev said in an interview with CNBC. ................

Medvedev's comments were echoed in comments by his spokeswoman, who told reporters that the leaders of the world's biggest emerging markets may discuss the idea of a supranational currency this month when they meet for a summit in Russia.

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