Thursday, November 17, 2011

Kudrin believes in the dollar, and rightly so

Rules igry15-06-2009 Kudrin believes in the dollar, and rightly so Russia's finance minister believes in the dollar. At least, he assured the world community that Russia in the near future will continue to keep their reserves in U.S. currency. And it's true strategy, say experts interviewed Bigness.ru. In terms of fundamentals "green" needs to grow another year and a half. At the last summit of Group of Eight finance ministers meet of the participating countries. Russia, respectively, represented by Alexei Kudrin. The Russian minister reassured his colleagues, assuring that Russia has no immediate plans to move to a new reserve currency, and she trusts the dollar. "It is too early to talk about an alternative to" the dollar, "he said in an interview with Bloomberg Television, adding that the fundamentals of the U.S. currency are in" good shape ". Kudrin also said Saturday that Russia within the next year will not significantly change the structure of the placement of their reserves, and noted that he sees in the near future need to change Russian policy in respect of "dollar zone" of investment in international reserves.

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