New International Currency Proposed

(Moscow, Russia) Ahead of the upcoming April 2nd G20 summit, the Kremlin has called for a new international currency to reform the global financial system. The Russians have repeatedly criticized the dollar's status as the dominant global currency. Both President Dmitry Medvedev and Prime Minister Vladimir Putin want the ruble used instead.

Also weighing in on the subject has been Kazakhstan President Nursultan Nazarbayev who proposed a global currency called the "acmetal" -- a mix of the words "acme" and "capital."

The Kremlin wants an international conference after the G20 summit to discuss the new currency proposals.

Companion post at The Jawa Report.