LiveWire Peer Support Network

Printable Version of Topic "Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8"

- LiveWire Teen Forums & College Forums (http://www.golivewire.com)
-- (http://golivewire.com/forums/support-teen.html)
--- The Political Teen (http://golivewire.com/forums/forum-23-s-0.html)
---- Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8 (http://golivewire.com/forums/peer-yntyens-support-a.html)


-- Posted by ronpaul691 at 7:03 pm on July 10, 2009

Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8

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_kolesnichenko/pic/00021ace/ ), 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 lpronina@bloomberg.net

http://www.bloomberg.com/apps/news?pid=20601087&sid=aeFVNYQpByU4


-- Posted by be eazy at 10:28 pm on July 10, 2009

i heard talk of global currency for years, i don't think much will come of it though


www.golivewire.com