Medvedev Calls U.S. Dollar Intl. Problem
Kommersant.com – June 26, 2008
The U.S. dollar has fallen so much that it has now become an international problem, Russian President Dmitry Medvedev told journalists from Reuters. According to Medvedev, the United States has to solve the problems of its currency, but other countries should strive to make the international financial system multicurrency. That would allow the risks associated with the fall in the exchange rate of a single currency to be avoided.
The Russian president earlier expressed his opinion about the financial crisis that has engulfed the developed countries and served as one of the causes of the fall of the dollar. Medvedev stated at the International Economic Forum in St. Petersburg that the U.S. itself is largely responsible for the crisis, since the real abilities of the country do not correspond with the position it occupies in the international financial system.
In the interview, Medvedev answered a series of questions on the Russian economy. In particular, he repeated that the conflict between the shareholders of TNK-BP should be decided on the legal arena without the participation of the state. In addition, the Russian president noted that the state will gradually take measures to reduce its participation in the economy and continue the policy of privatization of a number of assets.
Last updated 28/06/2008