The President of Kazakhstan calls to create a new world currency

Instead of creating regional currencies, the world community should have agreed on a new world currency that would be used in international trade, was recognized as the UN and controlled by the relevant commissions. Such a proposal was made by the President of Kazakhstan Nursultan Nazarbayev at the Kazakh-Indian Business Forum in Delhi, the Kazinform news agency reports.

According to Nursultan Nazarbayev, all countries are experiencing a global financial crisis and today there is no exact answer to the question: what the world will be after that? Definitely, he will not be the same. Now many are talking about creating their regional currency. Both Latin America and Arab countries. “If the world goes on such localization, then a big chaos awaits us,” the agency of the President of Kazakhstan quotes us.

“I think that the future measure is that we have a completely fair world currency and not with one issuer, as it happens now. This is a non -perocratic, non -free, non -competitive, uncontrolled world currency. Instead, the countries of the world should agree to create a worldwide profitable unit for the exchange of goods that would be adopted by the UN and controlled by the relevant commissions, And we were related to such a world currency, ”continued Nazarbayev.

Talk about the imperfection of world financial architecture has been conducted for a long time. The dissatisfaction of the number of countries was especially aggravated by the existing state of affairs last fall, shortly before the Great Twenth summit in November.

The Russian authorities, who made the main leitmotif of their rhetoric, the injustice of the financial system in the world and calls for rejection of dollars in mutual trade , showed especially violent activity.

However, these calls at the summit were not supported, and soon conversations about the entry of the ruble into the club of world reserve currencies ceased in Russia, and the Bank of Russia began the devaluation of the national currency.

The next twenty summit will be held in April of this year. There will already be a new American president, who has received a powerful credit of trust, which resulted in the growth of the dollar relative to the main world currencies (except, perhaps, Japanese Yena). Despite the current stability of the American currency, it is possible that the summit will again attempt to undermine its position as a world currency used in international trade and in the formation of state reserves.