Ruble As Reserve –

Medvedev is pushing for the Russian Ruble to be a reserve currency which would cut into the dominance of the U.S. Dollar.  His wish is to make Moscow a global financial hub and to help lift an ailing Russian economy.  The Russians saw their GDP shrink 7.9% last year and that marked the worst decline since the fall of communism.

To read a related Bloomberg article, please click here:

Jim Sutliff

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