Yes, Russia will propose a new global currency to prevent future global financial disasters. Read the first paragraph:"The Kremlin published its priorities Monday for an upcoming meeting of the G20, calling for the creation of a supranational reserve currency to be issued by international institutions as part of a reform of the global financial system."
also
"The Kremlin's call for a common currency is not the first in recent days. Speaking at an economic conference in Astana, Kazakhstan, last week, Kazakh President Nursultan Nazarbayev proposed a global currency called the 'acmetal' -- a conflation of the words 'acme' and 'capital.'"
At G20, Kremlin to Pitch New Currency
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1 comments:
The concept is sobering, but the name of the currency? I can't take anything with "acme" in it seriously - I would expect an image of an anvil on it.
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