A basket of currencies would be better than just the dollar or euro as world reserve currency, Russian President Dimitry Medvedev said in an interview with CNBC.
"The whole world is dependent on the health of the dollar," Medvedev said. "...My idea is that at the moment the world needs a larger number of reserve currencies and it not because the dollar is bad or the euro is not sufficient. But the situation is that the current environment requires that we need to have more reserve currencies where people could be investing, where banks could be investing." (See his discussion with CNBC's Maria Bartiromo in the video)
Medvedev's comments were echoed in comments by his spokeswoman, who told reporters that the leaders of the world's biggest emerging markets may discuss the idea of a supranational currency this month when they meet for a summit in Russia.
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Medvedev discusses possible changes to the world reserve currency scheme and the safety of foreign capital in Russia.
