Today.Az » Politics » Venezuelan president says Russian ruble must become world reserve currency
11 September 2009 [10:39] - Today.Az
The Russian ruble must in the future become a global reserve currency, Interfax quoted Venezuelan President Hugo Chavez as saying.
"Conditions must be created to enable the ruble to become a free reserve currency. When such conditions are created and the ruble becomes a reserve currency, we will be the first country to invest our funds in the ruble zone," he said.
Russia and Venezuela need to create a financial infrastructure that would allow them to strengthen their trade and economic cooperation, Chavez said.
In particular, they need to open a Russian-Venezuelan bank, he said.