Time to reduce dependence on US dollar - Russian PM

MOSCOW, October 15. /TASS/. The world should move away from its dependence on the US dollar and needs a more balanced and diversified currency system, Russian Prime Minister Medvedev said in an interview with CNBC on Wednesday. "We have nothing against the dollar, but we believe that today's currency system should be more balanced," Medvedev said calling for a greater number of reserve currencies, including euro, pound and yuan. He expressed hope that the Russian ruble could also become a reserve currency in the future. Medvedev said that Russia depended on both the dollar and US economy. "The U.S. economy is now improving but we have no proof that it will not go down again, and then everyone will suffer," he said. "We believe that we should move away from such dependency in the world's financial system." The prime minister said that not only Russia but also emerging economies would benefit from such a shift. "At the end I would like to say: the world economy would benefit from it in general," he added. Read related news on itar-tass.com