/IRBIS, November 6, 2008/ - October 29 during the meeting of the Prime
Minister of state council of China Wen Jiabao with the head of Russian
Government, Vladimir Putin appealed to reject form using the US dollar while
concluding trade deals between China and Russia. Earlier Argentina and
Brazil announced that since October 13, 2008 they reject form American
dollar in trade calculations. Moreover September 17, 2008 Ministers of
Finance of the governments, which enter Collaboration Council of Persian
Gulf countries (Bahrain, Kuwait, Qatar, Saudi Arabia and UAE) determined
2010 as the period to introduce new general currency and rejection of the US
dollar.
Analysts, participated in the current expert interview of IRBIS Information
Agency of Financial Markets, consider that the tendency of dollar rejection in
trade calculations won't continue and probability of other world reserve
currency appearance is rather low. Experts are agreeing on the fact that:
today the USA economy, notwithstanding serious problems in financial
sector, is still the most developed in the world scale and there has been no
yet an equivalent to it.
More detailed information on expert interview, dated November 6, 2008 is
available at
http://www.kase.kz/mix/exp_061108.pdf.
The expert interview is conducted weekly on the basis of the most acute questions
of domestic and world markets development. Participants of the interview are
experts of leading Kazakhstan professional participants of financial markets.
For additional information: Tel.: (727) 237 53 41, 237 53 28
[2008-11-06]