Home > Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8
Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8by Open-Publishing - Friday 10 July 2009
By Lyubov Pronina
July 10 (Bloomberg) — Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.”
“Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.”
The coin (http://pics.livejournal.com/a_koles...), which bears the words “unity in diversity,” was minted in Belgium and presented to the heads of G-8 delegations, Medvedev said.
The question of a supranational currency “concerns everyone now, even the mints,” Medvedev said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.”
Medvedev has repeatedly called for creating a mix of regional reserve currencies as part of the drive to address the global financial crisis, while questioning the U.S. dollar’s future as a global reserve currency. Russia’s proposals for the G-20 meeting in London in April included the creation of a supranational currency.
To contact the reporter on this story: Lyubov Pronina in L’Aquila, Italy at firstname.lastname@example.org