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07.10.2009, 00:56 5 comments

Oil producers to oust dollar?

A report in the UK’s Independent newspaper says Brazil, China, Russia, Japan and the Gulf states plan to stop using the dollar in oil trading. The newspaper claims the countries have been in secret talks on the matter.

16.03.2009, 23:22

41 the link between Oil and Rouble stability

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(L to R) European Commissioner for Economic and Monetary Affairs Olli Rehn, EU Finance Minister Elena Salgado and President of the EU Central Bank Jean-Claude Trichet attend a press conference at the G-20  19.06.2010, 03:15 6 comments

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06.10.2009, 20:53 3 comments

“No single currency will replace the dollar”

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13.07.2010, 08:13 27 comments

Euro for Estonia: ready or not, here it comes

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27.07.2009, 10:12 5 comments

Russia’s rich move money out

In 2008 Russia’s rich almost doubled their transfers abroad compared to the previous year with overall investment into foreign economies totaling $25.6 billion.

17.09.2009, 18:59 1 comment

The economic road ahead

With key figures reporting to the Duma this week on the outlook for the Russian economy and finance system, Business RT spoke with Nikolay Kascheev, Head of Treasury and Financial Markets Research at Sberbank.

RIA Novosti / Grigoriy Sysoev, STF 05.03.2010, 18:51 2 comments

Move from rouble mooted for economic union

First Deputy Prime Minister Igor Shuvalov has suggested that that a currency union between Russia, Kazakhstan and Belarus would be "the next logical step."

19.03.2010, 19:06 2 comments

Rouble appreciation in the spotlight on energy revenues

Oil prices holding at above $70/bbl mean Russia is enjoying strong energy revenues and boosting its current account surplus. But that might not help the economy.

18.05.2009, 10:37 1 comment

Economic downturn pushes Czech Euro adoption further away

The 16 Nation Eurozone economy shrank 2.5% in the first three months of this year. Most nations see the single currency as a prop in the crisis, and many others want to join, with the Czech republic undecided.

“We’re almost a decade away from dedollarization”

Published: 08 October, 2009, 12:51
Edited: 08 October, 2009, 18:02

(16.0Mb) embed video

TAGS: Oil, Currencies, G20, Economy


The US dollar fell to its lowest point in 52 weeks, after Robert Fisk’s report suggested it could be dumped as the top currency for oil trade. Though some have strongly denied his claim, Fisk told RT it was expected.

On Monday, British newspaper The Independent published Fisk’s report claiming that China, Russia, France, Japan and some Gulf states had held secret talks to replace the greenback.

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Bill Simpson October 08, 2009, 10:14
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It is not like it is a big secret anymore. The whole plan to devalue and replace the dollar was outlined on the CNBC TV video "Future of the Dollar" Friday, September 25, 2009 5:41 A.M. Go to the CNBC US website, and you will see Jim Richards of Omnis Scientific Consultants tell you how the Federal Reserve Bank & G-20 has decided to devalue the dollar by 50% so as to be able to deal with the US National debt, by cutting it in half with planned inflation. New, phony IMF money will be used in international trade. Whatever the Federal Reserve Bank wants, the Federal Reserve Bank gets. Even the US Congress doesn't dare audit the Federal Reserve, even though the vast majority of the American people want an audit. They wish to find out where their stolen tax money, used to bailout failed banks, actually went. Few people know that the Federal Reserve is not actually a part of the government. The last US President that tried to diminish their control of the US currency got his head blown apart, JFK. If you doubt what I say, watch the interview video on the CNBC website. Type 'dollar' into the search box, and go way, way down the list until you get to Sept. 25, 2009 5:41 A.M. The video is 6 minutes long. It is all there, see for yourself !