This phrase can be easily be completed in the Explanatory dictionaries of all languages of the world - that is how the next generations of our planet's inhabitants will be called the processes occurring in the global financial system.
catching was an example of the EU: after a successful introduction of the single currency, Euro leaders of the world's states have been talk about the feasibility of developing and other regional currencies. The first reaction member countries of ASEAN, proposed the introduction to the treatment in the organization of the Asian currency unit (Asian currency unit - ACU), pegged to a basket of regional currencies and is equal to the average value of currencies of the ASEAN countries, South Korea, China and Japan. Their example was picked up in Latin America, the Middle East and Central Asia.
Some of the idea of regional currencies is still maturing. Brazil and Argentina, for example, have already agreed to move to bilateral trade in national currencies and the refusal of the calculations of the U.S. dollar. And then hope to move to a regional currency - in the framework of MERCOSUR, the largest in South America, whose country's economy is more than 75% of the continent's GDP.
Other states have already set a specific deadline, when the regional currencies are to be launched into circulation. Single currency countries in the organization of the Bolivarian Alliance for the Americas (ALBA), for example, should see the light is already 1 January 2010. Regional currency of the organization with left-wing leanings, would be called Sucre and will initially be used only for electronic payments, the transition is in its full treatment is planned at a later date.
member countries of the Cooperation Council for the Arab Gulf States - Saudi Arabia, Bahrain, Kuwait and Qatar - have also agreed that by the end of this year in Riyadh (Saudi Arabia) will be established a currency board, which will be the establishment of the Central Bank of the Gulf . The bank since its inception and will be issuing a new regional currency - the gold dinar Gulf.
By the way, the final decision to move to a pocket of currency, both organizations have adopted more recently - ALBA in April, and the Gulf States - in June this year. The incentive was the crisis, he led the inspirer of these rates to redefine the concept of their functioning. For example, if one country had intended to tie the Bay gold dinars to the dollar, today, in a crisis, they have already is not. After the emission of gold dinar will be focused on the basket of currencies.
third group of States wants to create a regional currency is not zero, and assign it the role of the existing currency. This situation with the Russian ruble. In the past year, the President of Russia Dmitry Medvedev stated explicitly that he wanted to turn the ruble into a key regional reserve currency. To begin the process, Moscow has already called for one of its biggest trading partners - Beijing - at the conclusion of trade deals between the two countries to renounce the use of the dollar and switch to the calculation in rubles and /or the yuan. Moreover, Chinese companies - only for such a move. The vast majority of the 700 thousand Chinese exporters clients Alibaba.com - network resource, at which Chinese manufacturers find buyers for their products, now looking for ways to reverse the negative effect of the devaluation of American currency against the backdrop of rising costs of wages and the purchase of raw materials and try to avoid transactions in U.S. dollars. According to David Wei, the heads of Alibaba.com, at the conclusion of contracts with foreign counterparts, they show the price in euros, pounds, Australian dollars, and even the Chinese yuan.
However, in the case of Russia the main motive for promoting the idea of the ruble as a regional currency is not so much the reduction of economic losses from currency exchange in international trade, but the Kremlin's attempt to play a new economic role in the region. The remaining states in the region are aware of this, and therefore trying to promote the idea of neutral reserve currency, for example, in the framework of the Shanghai Cooperation Organization (SCO).
most odious as the idea of a regional currency is the creation of Ameri - namely, the so-called conditional draft creating currency for the three countries (U.S., Canada and Mexico) are members of the regional association of the North American Union. This currency could replace the U.S. dollar, Canadian dollar and Mexican peso. The concept of the North American Union and амеро similar to the European Union and the euro.
Today's world is clearly no shortage of ideas on regional currencies. However, in many cases, these ideas have little chance of translating. Thus, the establishment of a regional reserve currency countries of ALBA is in contradiction with the fact that some members of the left leaning towards the ideas of the alliance are already participants in other monetary unions, for example, the Monetary Union countries in the Caribbean.
And the idea of Ameri and an idea does not guide the North American Union, a brainchild of economists and politicians with the turbulent imagination. None of the political leaders of the United States, Canada or Mexico did not formally shown the desire to impose this kind of currency, as one did not officially make a common currency as part of the concept of partnership in these countries.
Nevertheless, the active circulation of the idea of regional currencies reflects the desire of States to reduce dependence on the U.S. dollar, or even the complete discrediting of green as the global reserve currency.
Г‚В
Darius Ryabkov
The next wave of euphoria at the North American and European stock markets triggered a weakening dollar on Forex
After the decline of oil is growing steadily: to mark Brent futures traded slightly above $ 63.5, to mark WTI futures are around $ 62.75
The course has increased the dollar - the morning review of cash markets
Kiev entered the Top 50 cities in the world with the most expensive parking
Kommersant: SCSSM in favor of free relations between the depository
Adviser to the Head of the NBU: The real sector of economy of Ukraine has passed the most difficult period
Credit unions - on the verge of suicide
Special bulk cargo road case
Appreciation of the ruble to the dollar and bivalyutnoy basket of 32 and 37.47 rubles. against, respectively, 32.05 and 37.86 rubles. morning bidding
Currency separatism
This phrase can be easily be completed in the Explanatory dictionaries of all languages of the world - that is how the next generations of our planet's inhabitants will be called the processes occurring in the global financial system.
catching was an example of the EU: after a successful introduction of the single currency, Euro leaders of the world's states have been talk about the feasibility of developing and other regional currencies. The first reaction member countries of ASEAN, proposed the introduction to the treatment in the organization of the Asian currency unit (Asian currency unit - ACU), pegged to a basket of regional currencies and is equal to the average value of currencies of the ASEAN countries, South Korea, China and Japan. Their example was picked up in Latin America, the Middle East and Central Asia.
Some of the idea of regional currencies is still maturing. Brazil and Argentina, for example, have already agreed to move to bilateral trade in national currencies and the refusal of the calculations of the U.S. dollar. And then hope to move to a regional currency - in the framework of MERCOSUR, the largest in South America, whose country's economy is more than 75% of the continent's GDP.
Other states have already set a specific deadline, when the regional currencies are to be launched into circulation. Single currency countries in the organization of the Bolivarian Alliance for the Americas (ALBA), for example, should see the light is already 1 January 2010. Regional currency of the organization with left-wing leanings, would be called Sucre and will initially be used only for electronic payments, the transition is in its full treatment is planned at a later date.
member countries of the Cooperation Council for the Arab Gulf States - Saudi Arabia, Bahrain, Kuwait and Qatar - have also agreed that by the end of this year in Riyadh (Saudi Arabia) will be established a currency board, which will be the establishment of the Central Bank of the Gulf . The bank since its inception and will be issuing a new regional currency - the gold dinar Gulf.
By the way, the final decision to move to a pocket of currency, both organizations have adopted more recently - ALBA in April, and the Gulf States - in June this year. The incentive was the crisis, he led the inspirer of these rates to redefine the concept of their functioning. For example, if one country had intended to tie the Bay gold dinars to the dollar, today, in a crisis, they have already is not. After the emission of gold dinar will be focused on the basket of currencies.
third group of States wants to create a regional currency is not zero, and assign it the role of the existing currency. This situation with the Russian ruble. In the past year, the President of Russia Dmitry Medvedev stated explicitly that he wanted to turn the ruble into a key regional reserve currency. To begin the process, Moscow has already called for one of its biggest trading partners - Beijing - at the conclusion of trade deals between the two countries to renounce the use of the dollar and switch to the calculation in rubles and /or the yuan. Moreover, Chinese companies - only for such a move. The vast majority of the 700 thousand Chinese exporters clients Alibaba.com - network resource, at which Chinese manufacturers find buyers for their products, now looking for ways to reverse the negative effect of the devaluation of American currency against the backdrop of rising costs of wages and the purchase of raw materials and try to avoid transactions in U.S. dollars. According to David Wei, the heads of Alibaba.com, at the conclusion of contracts with foreign counterparts, they show the price in euros, pounds, Australian dollars, and even the Chinese yuan.
However, in the case of Russia the main motive for promoting the idea of the ruble as a regional currency is not so much the reduction of economic losses from currency exchange in international trade, but the Kremlin's attempt to play a new economic role in the region. The remaining states in the region are aware of this, and therefore trying to promote the idea of neutral reserve currency, for example, in the framework of the Shanghai Cooperation Organization (SCO).
most odious as the idea of a regional currency is the creation of Ameri - namely, the so-called conditional draft creating currency for the three countries (U.S., Canada and Mexico) are members of the regional association of the North American Union. This currency could replace the U.S. dollar, Canadian dollar and Mexican peso. The concept of the North American Union and амеро similar to the European Union and the euro.
Today's world is clearly no shortage of ideas on regional currencies. However, in many cases, these ideas have little chance of translating. Thus, the establishment of a regional reserve currency countries of ALBA is in contradiction with the fact that some members of the left leaning towards the ideas of the alliance are already participants in other monetary unions, for example, the Monetary Union countries in the Caribbean.
And the idea of Ameri and an idea does not guide the North American Union, a brainchild of economists and politicians with the turbulent imagination. None of the political leaders of the United States, Canada or Mexico did not formally shown the desire to impose this kind of currency, as one did not officially make a common currency as part of the concept of partnership in these countries.
Nevertheless, the active circulation of the idea of regional currencies reflects the desire of States to reduce dependence on the U.S. dollar, or even the complete discrediting of green as the global reserve currency.
Г‚В
Darius Ryabkov
The next wave of euphoria at the North American and European stock markets triggered a weakening dollar on Forex
After the decline of oil is growing steadily: to mark Brent futures traded slightly above $ 63.5, to mark WTI futures are around $ 62.75
The course has increased the dollar - the morning review of cash markets
Kiev entered the Top 50 cities in the world with the most expensive parking
Kommersant: SCSSM in favor of free relations between the depository
Adviser to the Head of the NBU: The real sector of economy of Ukraine has passed the most difficult period
Credit unions - on the verge of suicide
Special bulk cargo road case
Appreciation of the ruble to the dollar and bivalyutnoy basket of 32 and 37.47 rubles. against, respectively, 32.05 and 37.86 rubles. morning bidding