Russia advocates the creation of supervalyuty

Russian President Dmitry Medvedev believes that the current financial crisis has shown the imperfection of the modern monetary system, and proved the need for its reform. He also did not rule out the possibility of creating a single global currency in the future.

It is clear that the current monetary system has not coped with the challenges. It is good that we still have a range of currencies: the dollar , Euro, Pound. But the good for the future, this system should be based on a multi-cart, it must include other regional reserve currency. If we can agree, that in the future, you can talk about creating some supervalyuty — Dmitry Medvedev said in an interview with the BBC.

Recall the words of the First Deputy Russian Foreign Minister Andrei Denisov, Russia has proposed to convene a international conference to discuss the creation of a single global currency in the authorized representatives of governments and experts.

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