International Monetary Fund (IMF) Managing Director Rodrigo de Rato, right, and IMF First Deputy Managing Director John Lipsky
Photo: AP
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Ruble to Emerge As IMF Operating Currency
Russia’s ruble may become one of the operating currencies of International Monetary Fund (IMF) in future, John Lipsky, who is the first deputy managing director at IMF, said, specifying that it could be hoped for and it is well-expected.
The top-ranked official of IMF confirmed his statement to ITAR-TASS before leaving for the economic forum in St. Petersburg. IMF has the access to certain ruble reserves, as, similar to other member-states, Russia partially uses national currency to pay contribution.
Nowadays, the U.S. dollar is the key currency of IMF and Lipsky wasn’t willing to comment on the possible shift to some other currency despite being reminded about the preserved dollarization of Russia’s economy.
Instead, the official spoke in detail about the IMF efforts to eliminate global payment disbalance and about the healthy results generated by them. Today’s prices on financial markets justify hopes for relatively tranquil environment, Lipsky said, signaling, perhaps, that, in IMF, they don’t forecast the U.S. dollar to collapse in the near term.
www.kommersant.com
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