Saturday, March 28, 2009

Big Twenty "will not seriously discuss the introduction of the new world currency.

At the April summit of" Big twenty "(G20) China's proposal to impose a supranational currency, the world will not be subject to lengthy discussions. With such a statement was made by the Prime Minister Gordon Brown, transmits AFP.
In mid-March, China prepared its proposals for reforming the global financial system. In particular, they contained a message about the need to introduce a new supranational currency or on the wider use of special drawing rights (SDR), issued by the International Monetary Fund.
A few days before China made such a proposal, and Russia. In addition, supporters of the introduction of new currency is Kazakhstan. All those dissatisfied with the state too much dependence of the global economy from the dollar.
In summer 2008, when the U.S. currency dropped in price to a historic minimum of the euro (about 1.6 dollars per euro), in developed countries pointed out that a weak dollar poses risks for the global financial system. In particular, the president of Russia Dmitry Medvedev stated that he considered the U.S. "an international problem."
The U.S. has already stated that they did not support the reforms proposed by China and other developing countries. March 24, U.S. President Barack Obama noted that the United States is a country with a very strong economy and strong political system, and the dollar - is strong than ever.

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