[quote=Arraya]http://www.reuters.com/article/usDollarRpt/idUSLG42629320090616
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. [/quote]
Here’s something you probably don’t know: the U.S. asked to attend this meeting – and the request was rebuffed. Plans are being made now that don’t include us.
