D
Dogg
Current financial crisis has hit greatly not only the USA and Europe, but also most Asian states. For example, headily developing China has lowered speed of reforms in its bank system, tightening control over foreign funds. Moreover, if in 1998 Chinese Republic supported Japan’s initiative of creating common Asian currency for lowering dependence and vulnerability of Asian economic systems from instability of US dollar, then now Kazakhstan’s President, N. Nazarbayev has gone forward in it! Recently he has proposed to establish common world currency instead of existing regional currency for settlement of accounts between all countries in the world. Most probably, in this case Kazakh leader fills an order of his powerful and influential eastern neighbor – China, because, surely, now Chinese thriving economy greatly needs changing dollar’s currency to other money, which will be controllable to China. This will help the very Kazakhstan to rise to prominence in integration processes in Asia, too. And it is very important for the country, which is located at Eurasian cross-roads and has large economic potential much like China…
