Russia: The US dollar needs to be supported by new global currency

Russian President Dmitry Medvedev told a regional summit on Tuesday that the creation of new reserve currencies in addition to the dollar is needed to stabilize global finances. «No currency system can be successful if we have financial instruments denominated in just one currency», Medvedev said in a regional meeting ahead of the so-called «BRIC»… Read More Russia: The US dollar needs to be supported by new global currency