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Tuesday, December 11, 2007

The national brands compose the world money

As I posted earlier and it is seen now the national brands compose the world money:

- Kuwait Abandons Dinar Peg to US Dollar;

- Latin American nations form Bank of South;

- Iran Oil Minister Gholam-Hossein Nozari: Oil revenues mostly in currencies other than US dollar.

Russia, according to, has intention to use RBL or EUR for the appropriate deals, as Alexander Medvedev, deputy chairman of Gasprom, said.

"Dollar has changed into virus ... ", - Konstantin Andreev, director of Eurasian economic club, thinks.

What will be next?

I think the processes of currencies division and currencies uniting are connected. The problem is a basis for connection - credit or transactional nature of the united currency. The center of financial power may become distributed.

New financial knowledge is on the agenda.

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