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Sunday, February 17, 2008

The meanings of the regional currencies

If you have read "Next to new currency" you may think that this kind of monetary evolution is utopian. It is partly correct and I also think so. But if you consider the variants/meanings of the future the consideration must be without any prejudices.

Iran Islamic Republic News Agency reports:

"Iran's envoy: Iran and Russia can rid world of dollar's slavery

Moscow, Feb 15, IRNA

Iran's Ambassador to Moscow said here Friday Iran and Russia, as major energy suppliers, can rid the world of US dollar's slavery by promoting oil and gas deals using different currencies.

Gholam-Reza Ansari further emphasized in an interview with 'Echo Moscow Radio', "We have been trying to launch an Oil Stock Market in Iran and also trying to find substitute currencies for Iran's oil sales, that can be Russia's ruble.""

I think that it is the sign of the mentioned infrastructure (Mr. Hugo Chaves thinks and acts quickly. But barter scheme needs an infrastructure to grow into new currency), though some problems may occur.

What do you think about the meanings of the regional currencies - will their quantity (of the meanings) increase or not?

If you will ask me, my answer is - I do not yet know.