BRIC to Discuss New World Currency

Sampled from this Bloomberg article:

[snip]

Russian Proposal

Russian President Dmitry Medvedev may discuss his proposal to create a new world currency when he meets counterparts from Brazil, India and China this month, Natalya Timakova, a spokeswoman for the president, told reporters by phone today. Medvedev first proposed seeking alternatives to the U.S. dollar as a reserve currency in March.

[/snip]
 

Together, the four countries comprise 42% of the world’s population and hold the majority of US foreign debt. 

 

      Read more about this issue in our April 2, 2009
      blog entry, “
On the Current State of Currency”…
 
 

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2 Comments

Filed under Conflict, Economy

2 responses to “BRIC to Discuss New World Currency

  1. Pingback: Russia, China to Cast Off US Treasuries for IMF Debt «

  2. Pingback: Russia, China Wish to Cast Off US Treasuries for IMF Debt «

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