Russia proposes to world community to join and create new additional sole currency. President Dmitry Medvedev announced this initiative at the G 20 summit. Necessity of new additional sole currency is explained by grown distrust towards reserve currencies including dollar. Dollar gradually loses its confidence. Experts estimated, total sum of cash and short-term investments in dollar assets in 1996-2006 has grown 2.4 to 10,34 trillion dollars. Besides, information about how much money is being printed by the USA has become unavailable. The Federal Reserve System refuses to disclose this information what indicates uncontrollable dollar issue in the world. According to Vladislav Isaev, analyst at investment company Finam, countries using dollars as reserve currency certainly insist on open monetary and credit policy in order to see risks rate of investments in these financial instruments. "Russia suggests that reserve currency issuers should adhere to international rules of macroeconomic and financial disciplines, this suggestion is quite reasonable and timely in the context of financial crunch. The USA will probably oppose this measure while real dollar emission will become apparent (it will be enormous of course) and as a result world countries will less use dollar as reserve currency. This means impact of the USA will lessen what the country can’t assume". New currency may be created by analogy with euro when countries of common economic and geographic zones converted their national currency to new one according to the rate of development of their economics. But experts consider creation of new covered currency more reasonable. It’s of no importance what will serve as a basis (gold, silver, steel, aluminium, wheat) - any valuable product can be used for this. "As an alternative can be offered fixed set of indexes of the base products. So each country will get necessary provision and proportionally to the brought provision would get definite number of credits, - presupposes Vladislav Isaev, - introduction of world currency according to this scenario broke the vicious circle and would help stabilize economics. This measure could not certainly exclude economic crises but it could soften them while there would be no disconnection between money value and real values. Nowadays such situation seems to be fantastic, but it’s a way out from crisis - economics will develop less dynamically but it will be more stable", - concludes analyst. Artyem Krasnov