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Dmitry Medvedev: The Rising Euro Has the Future
22.07.2011 11:49
Dmitry Medvedev: The Rising Euro Has the Future

The British financial analysts from The Royal Bank of Scotland Group plc predict troubles for EUR due to the growth in value of Spanish and Italian government securities. However, in the opinion of the President Dmitry Medvedev, the real troubles are nowhere close yet.


Speaking in Hannover earlier this week, during the Petersburger Dialog public forum, Medvedev underlined the fact that the problems of eurozone have more to do with the global economic crisis, rather than the potential of euro as a currency. Many international financial operations in Russia are made in EUR, and the larger part of Russian international currency reserves is also in EUR. In Medvedev's opinion, the example of euro proves that universal reserve currency is a potent idea, and there should be more "euros" in future.


This corresponds with today's results from the Moscow International Currency Exchange where USD was sold for 27.71RUB. EUR is sold for 39.94RUB. And here are some thoughts from January 2011 on the possible depreciation of dollar.



Author: Julia Shuvalova

Tags: Russian economy Russian finances    

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