The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure. (Robert C. Solomon)

The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure.

Robert C. Solomon

Related topics

advantage billion currency fifty having hundred ones sure twenty well

Related quotes

If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history.

Adam Davidson

To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve.

Robert C. Solomon

We have nothing against the dollar, and I don't think China has anything against it either. But we believe that a modern currency system should be better balanced, so that when one of the currencies is sagging, this should be compensated by other global reserve currencies.

Dmitry Medvedev

A small child from a developing country has the advantage, from a very early age, of having access to toys which structure his mind, which constitute a sure advantage over the little African child who has never even held a modern toy.

Abdoulaye Wade

Insider trading tells everybody at precisely the wrong time that everything is rigged, and only people who have a billion dollars and have access to and are best friends with people who are on boards of directors of major companies - they're the only ones who can make a true buck.

Preet Bharara