zoellick on the eve of the g. twenty meeting and seoul says that a cooperative money system including the dollar the and the pound and and they remain. were needed and that quote consider employing gold as an international reference point of market expectations about inflation deflation and future currency values although textbooks may view gold as the old money markets are using

by robert zoellick the president of the of the world bank is always the exact. reference to what the president needed if the two years ago one of the scientists one of the strengths that we are advocating expanding the basket though for reserve currencies. and we should also think about the role of walter's one of the ways in. fact that leash means russia is a supporter of the russian russia is a supporter of the sadia it's still to be discussed what exactly the old world could be. we are far from the. suggestion that the world should become a new standard to move again to the gold standard. risks involved in such such a scenario. could be even greater than than the current station but we could see a greater role of those new regional reserve currencies in gold in the new mine three system and this subject is going to be caused by both. experts finance minister central bank governance and leaders eventually i during the french . presidency a conference french presidency in two thousand two hundred says aide to the russian president to our close spotlight will be

by robert zoellick the president of the of the world bank is or was the exact. reference to what the president medvedev said two years ago one of the summits one of the strength that we are advocating expanding the basket of reserve currencies. and we should also think about are all walter's one of the stimulated the fact that we should means russia is a supporter of the russian russia is a supporter of the sadia it's still to be discussed what exactly their old world could be. we are far from the. suggestion that the world should become a new standard country should move again to the gold standard. risks involved in such a scenario. could be even greater than than the current station but we could see a greater role of new regional leader of choruses in gold in the new mine three system and this subject is going to be called by both experts finance ministers central bank governance and leaders eventually and i during the french presidency a conference french presidency in two thousand to have an says aide to the russian president at one point the spotlight would

by robert zoellick the president of the of the world bank is always the exact. reference to what the present video said two years ago one of the summits one of the twenty summits that we are advocating expanding the basket of for reserve currencies. and we should also think about the role of walt as one of the ways in. fact that we should means russia is a supporter of the russia russia is a supporter of the sadia it's still to be discussed what exactly their old world could be. we are far from the. suggestion that the goal should become a new standard to move again to the gold standard. risks involved in such a scenario. even greater than than the current station but we could see a greater role of new regional here of course is in gold in the new mine to the system and this subject is going to be caused by both experts finance minister central bank governance and leaders who are getting the french presidency a conference french presidency in two thousand to have an says aide to the russian president at one point the spotlight will be back shortly we'll continue

by robert zoellick the president of the of the world bank is always the exact. reference to what the present invidious said two years ago one of the summits one of the strengths that we are advocating expanding the basket of reserve currencies. and we should also think about the role of walt as one of the stimulation of fact that we should means russia is a supporter of the russia russia is a supporter of the sadia it's still to be discussed what exactly the old world could be. we are far from the. suggestion that the goal should become a new standard to move again to the gold standard. risks involved in such a scenario. could be even greater than the current station but we could see a greater role of new digital reserve currencies in gold in the new mine to the system and this subject is going to be caused by both experts finance minister central bank governance and leaders i during the french presidency a conference french presidency in two thousand to have an says aide to the russian president at one point spotlight we'll be back shortly we'll continue this i

zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalance seen aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot focus is on infrastructure development where we saw with china in the ninety's and were seen in other developing countries investment infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will remain dominant but you're going to have the role of . the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital account and over time the question is how will they move to that issue so the currency is

by robert zoellick the president of the of the world bank is always the exact. reference to what the president needed if that two years ago one of the summits one of the strengths and it's that we are advocating expanding the basket of reserve currencies. and we should also think about the role of walters' one of the ways in. fact that we should means russia is a supporter of the russian russia is a supporter of the sadia it's still to be discussed what exactly the old world could be. we are far from the. suggestion that the world should become a new standard and to move again to the gold standard. risks involved in such a scenario. could be even greater than than the current station but we could see a greater role of those new regional. of course it's in gold in the new mine to the system and this subject is going to be caused by both experts finance minister central bank governors and leaders i during the french presidency a conference french presidency in two thousand to have been so aide to the russian president to our close spotlight will be back shortly we

zoellick on the eve of the g. twenty meeting and seoul says that a cooperative money system including the dollar the yen the pound and and they remain. were needed and that quote consider employing gold as an international reference point of market expectations about inflation deflation and future currency values although textbooks may view gold as the old money markets are using gold as an alternative monetary asset today well it's an untold love it when i was over in moscow a few months ago i said you've got to use gold what do you do a lot over the world conference of the big gold cloying want to stay in the gold going well actually max if you look at a headline from december of two thousand and nine this was foretold to the world population they would have known about this had they not only watched r t and seen the kaiser report but had they looked at the headlines from last year medvedev sees single currency dream in g eight coin gift so this is at the two thousand and nine g eight meeting in lucky italy and

zoellick on the eve of the g. twenty meeting and seoul says that a cooperative money system including the dollar the and the pound and and they. were needed and that quote consider employing gold as an international reference point of market expectations about inflation deflation and future currency values although textbooks may view gold as the old money markets are using gold as an alternative monetary asset today well it's in it's almost a when i was over in moscow a few months ago i said you've got to use gold what do you do a lot over the world conference of the big gold cloying want to say in the gold going well actually max if you look at a headline from december of two thousand and nine this was foretold to the world population they would have known about this had they not only watched r t and seen the kaiser report but had they looked at the headlines from last year medvedev sees single currency dream in g eight coin gift so this is at the two thousand and nine g eight meeting in lucky italy and russian p

zoellick on the eve of the g. twenty meeting and seoul says that a cooperative money system including the dollar the yen the pound and and they remain. were needed and that quote consider employing gold as an international reference point of market expectations about inflation deflation and future currency values although textbooks may view gold as the old money markets are using gold as an alternative monetary asset today well it's an it's almost a when i was over in moscow a few months ago i said you've got to use gold when you do a lot over the world conference of the big gold cloying want to stay in the gold going well actually max if you look at a headline from december of two thousand and nine this was foretold to the world population they would have known about this had they not only watched r t and seen the kaiser report. but have they looked at the headlines from last year medvedev sees single currency dream in g eight coin gift so this is at the two thousand and nine g eight meeting in lucky italy and ru

zoellick on the eve of the g. twenty meeting and seoul says that a cooperative money system including the dollar the yen the pound and and they remain. were needed and that quote consider employing gold as an international reference point of market expectations about inflation deflation and future currency values although textbooks may view gold as the old money markets are using gold as an alternative monetary asset today well it's an it's almost a when i was over in moscow a few months ago i said you've got to use gold what do you do a lot over the world conference of the big gold cloying one of saying the gold going well actually max if you look at a headline from december of two thousand and nine this was foretold to the world population they would have known about this had they not only watched r.t.e. and seen the kaiser report but had they looked at the headlines from last year medvedev sees single currency dream in g eight coin gift so this is at the two thousand and nine g. eight meeting in lucky italy and

zoellick on the eve of the g. twenty meeting and seoul says that a cooperative money system including the dollar the and the pound and and they remain. were needed and that quote consider employing gold as an international reference point of market expectations about inflation deflation and future currency values although textbooks may view gold as the old money markets are using gold as an alternative monetary asset today well it's an untold love it when i was over in moscow a few months ago i said you've got to use gold what do you do we want over the world conference of the big gold cloying want to stay in the gold going well actually max if you look at a headline from december of two thousand and nine this was foretold to the world population they would have known about this had they not only watched r t and seen the kaiser report but had they looked at the headlines from last year medvedev sees single currency dream in g eight coin gift so this is at the two thousand and nine g eight meeting in lucky italy an

zoellick on the eve of the g. twenty meeting in seoul says that a cooperative money system including the dollar the and the pound and and they. were needed and that quote consider employing gold as an international reference point of market expectations about inflation deflation and future currency values although textbooks may view gold as the old money markets are using gold as an alternative monetary asset today well it's in it's almost a when i was over in moscow a few months ago i said you've got to use gold what do you do a lot over the world conference of the big gold cloying want to stay in the gold going well actually max if you look at a headline from december of two thousand and nine this was foretold to the world population they would have known about this had they not only watched r t and seen the kaiser report but had they looked at the headlines from last year medvedev sees single currency dream in g eight coin gift so this is at the two thousand and nine g eight meeting in lucky italy and russian p

zoellick on the eve of the g. twenty meeting and seoul says that a cooperative money system including the dollar the and the pound and and they. were needed and that quote consider employing gold as an international reference point of market expectations about inflation deflation and future currency values although textbooks may view gold as the old money markets are using gold as an alternative monetary asset today well it's an untold number to when i was over in moscow a few months ago i said you've got to use gold what do you do a lot over the world conference of the big gold cloying want to stay in the gold going well actually max if you look at a headline from december of two thousand and nine this was foretold to the world population they would have known about this had they not only watched r t and seen the kaiser report but had they looked at the headlines from last year medvedev sees single currency dream in g eight coin gift so this is at the two thousand and nine g eight meeting in lucky italy and russi

zoellick on the eve of the g. twenty meeting and seoul says that a cooperative money system including the dollar the and the pound and and they remain. were needed and that quote consider employing gold as an international reference point of market expectations about inflation deflation and future currency values although textbooks may view gold as the old money markets are using gold as an alternative monetary asset today well it's an it's almost a when i was over in moscow a few months ago i said you've got to use gold what do you do a lot over the world conference of the big gold cloying want to stay in the gold going well actually max if you look at a headline from december of two thousand and nine this was foretold to the world population they would have known about this had they not only watched r t and seen the kaiser report but had they looked at the headlines from last year medvedev sees single currency dream in g eight coin gift so this is at the two thousand and nine g eight meeting in lucky italy and r

zoellick on the eve of the g. twenty meeting and seoul says that a cooperative money system including the dollar the the pound and and they. were needed and that quote consider employing gold as an international reference point of market expectations about inflation deflation and future currency values although textbooks may view gold as the old money markets are using gold as an alternative monetary asset today well it's not all most of them when i was over in moscow a few months ago i said you've got to use gold what do you do a lot over the world conference of the big gold cloying want to stay in the gold going well actually max if you look at a headline from december of two thousand and nine this was foretold to the world population they would have known about this had they not only watched r t and seen the kaiser report but had they looked at the headlines from last year medvedev sees single currency dream in g eight coin gift so this is at the two thousand and nine g eight meeting in lucky italy and russian

president senator obama rather the president of the world bank robert zoellick recently proposed reforming the world's currency system strengthening the role of gold what do you think about that idea is that a reality. almost on that and you would i think there is no coming back to the gold standard. in today's world it isn't possible to peg any currency to gold or any other metal or resource whatsoever this is obsolete now. what we're discussing now is just the opposite with how to make those exchange rates more flexible. meaning that they're not back to any national resources like gold you could pick him to look to ride him but if you puzzle on how much of a chance is there that we could see countries the world's economic powers switch to a multi-currency reserve. store by medieval but is a i think in future as the economy globalized as the need to create a certain basket of world currencies he's going to rise it's going to be many years before we get there though look at the wood in which you will get it thank you very much for your time. this is just a parliament building in. that. six

president rather the president of the world bank robert zoellick recently proposed reforming the world's currency system strengthening the role of gold what do you think about that idea is that a reality. and you would i think there is no coming back to the gold standard in today's world it isn't possible to peg any currency to gold or any other metal or resource whatsoever this is obsolete now. what we're discussing now is just the opposite how to make those exchange rates more flexible . meaning that they're not going to any national resources like gold. they came to look to ride and it is possible. how much of a chance is there that we could see countries the world's economic powers switched to a multi-currency reserve. store by me to go but is a i think in future as the economy globalized as the need to create a certain basket of world currencies is going to rise it's going to be many years before we get there though look at what we did we will get it thank you very much for your time. this is just a parliament building in. that. sixty five years ago. it was the final target of the l

presidency or rather the president of the world bank robert zoellick recently proposed reforming the world's currency system strengthening the role of gold what do you think about that idea is that a reality. for most of the time you would i think there is no coming back to the gold standard. in today's world it isn't possible to peg any currency to gold or any other mental or resource whatsoever this is obsolete now. what we're discussing now is just the opposite with how to make those exchange rates more flexible. meaning that they're not back to any national resources like gold. became to look forward and it is forced to pull on how much of a chance is there that we could see countries the world's economic powers switched to a multi currency reserve. by me to go but is a i think in future as the economy globalized as the need to create a certain basket of world currencies he's going to rise it's going to be many years before we get there though look at the more wood in which you will get it thank you very much for your time. this is just a parliament building in. that. sixty five

president or rather the president of the world bank robert zoellick recently proposed reforming the world's currency system strengthening the role of gold what do you think about that idea is that a reality. and you would i think there is no coming back to the gold standard. in today's world it isn't possible to peg any currency to gold or any other metal or resource whatsoever this is obsolete now. what we're discussing now is just the opposite with how to make those exchange rates more flexible. meaning that they're not big to any national resources like gold you could pick him to move to writing them but if you puzzle. how much of a chance is there that we could see countries the world's economic powers switch to a multi currency reserve. would be shipped by me to go but is a i think in future as the economy globalized as the need to create a certain basket of world currencies is going to rise it's going to be many years before we get there though look at what we're doing with you know bit. thank you very much for your time. this is just a parliament building in. them. sixty five years a

zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalancing aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot of focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will remain predominant what you're going to have the role of. the euro sterling and over time the chinese currency that remedy that isn't ready yet because it's not open capital account and over time the question is how will they move to that issue so the currency issu

zoellick spoke exclusively to r.t. out the forum. the nature of the bank is it's a network player and this allows us to bring different parties together for tigers which are a wonderful species in and of themselves but also known as an umbrella species so if you protect the tigers you're protecting a lot of other prey animals and part of the biodiversity since we launched this in two thousand and eight we've worked with the tiger range countries themselves try to learn their lessons in terms of preserving the habitat dealing with some of the enforcement issues and what i think is distinctive about this process is that each of them have come up with tiger recovery plans you know where the past couple days they've been blended into a global tiger recovery plan which will then need the support of the bank and the global environmental fund and different donors to try to finance it. ok let's get a check on some other news making headlines around the world this hour and a second explosion in new zealand call my has ended hop

zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalance scene aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will remain predominant what you're going to have the role of the yes and the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital account and over time the question is how will they move to that issue so the

further capital so in the short term this move can be seen as a plus for us ahead of the world bank robert zoellick has suggested bringing back the gold standard to reduce currency volatility rather than a formal tie to gold he says major currencies have been linked to a range of assets through what he calls an open capital account it comes as leading countries from the us to china are depreciating about current seems to take to take their exports cheaper however that makes money worth less and could even lead to hyper inflation. russian poultry producers have asked the government to drop plans to ban frozen poultry from the new year regulators claim frozen poultry is less nutritious producers point to europe and america where eighty percent of ready meals use frozen poultry the ban would boost prices and complicate the transport of meat to russia's east. russia's population it may have shrunk by almost five percent since the collapse of the soviet union in one thousand nine hundred ninety one that's according to the first national census in eight years but when you results indicate that o

the world bank's a major player in the drive to save the tiger its president robert zoellick spoke exclusively to r.t. that for. a century ago you would have had about one hundred thousand tigers now you're down to maybe thirty to thirty four hundred and when you think of those numbers you really realize and this is one of the things that certainly energized me is that within our lifetime this species that most of us grew up thinking was you know part of our ecosystem could be gone could be extinct many people are unaware that the wildlife trade is the third largest illegal trade after arms and drugs so we this will only work if you get support of the law enforcement customs communities the bank has experience in dealing with countries on the ground but also in the very nature of economics transporter issues and one of the nice things is in addition to dealing with the environment ministries we have a long history of being with the budget the finance ministry so we try to connect the dots on what's an issue that has to be multi-disciplinary. let me bring you up to date now three top world news

zoellick told business today is now playing a more active role in global eight. i think the prime minister could renew his started a process but also with the foreign ministry and prime minister and president that is very important which is as russia's economy recovers and grows stronger how will we engage now there were some particular areas of interest to economic literacy you would get some support from russia in the anti-malaria deal with africa but i'll give you a good example we're working with russia now and some of the central asian countries which obviously been very dependent on remittances from russia but have gone through some very difficult economic times so what i find encouraging is that russia is seen as it wants to move into the aid and development field that wants to do so in concert with others. now let's have a look at how the markets are doing most asian stocks trade lower sending the regional index to one week low markets go up to north korea texas and standard and poor's cut islands credit rating point seventy five of the sides hong kong ma

well the world bank is a major player in the drive to say that its president robert zoellick spoke exclusively to a forum. a century ago you would have had about one hundred thousand tigers now you're down to maybe thirty to thirty four hundred and when you think of those numbers you really realize and this is one of the things that certainly energized me is that within our lifetime the species that most of us grew up thinking was you know part of our ecosystem could be caught could be extinct and many people are unaware that the wildlife trade is the third largest illegal trade after arms and drugs so we this will only work if you get support of the law enforcement customs communities the bank has experience in dealing with countries on the ground but also in the very nature of economics transporter issues and one of the nice things is in addition to dealing with the environment ministries we have a long history of dealing with the budget and finance ministry so we try to connect the dots on what's an issue that has to be multi-disciplinary. ok let's take a look now at some other news making

zoellick in st petersburg this week to discuss the recovery trade. much of the debate is talked about the current account imbalances and sort of rebalancing aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot of focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment infrastructure today can create jobs but also bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar dominance which are going to have the role of. the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital account and over time the question is how will they move to that issue so the currency issues i think reflects so

zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalancing aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will remain predominant what you're going to have the role of. the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital account and over time the question is how will they move to that issue so the currency issues

the head of the world bank robert zoellick suggest bringing back the gold standard to reduce currency volatility rather than a form of tie to gold he says major currencies will be linked to a range of assets through what he calls an open cap or count it comes as leading countries from the us to china are depreciating their currencies to make their exports cheaper however that makes money worth less and it could even lead to hyperinflation. now let's take a quick look at how the markets are performing this hour wall street is following any more monday morning trading commodity prices and natural resources stocks under pressure from a rising us dollar the dow jones is selling point seven percent and the nasdaq is down point three percent last week u.s. stocks were at their highest level since lehman brothers collapsed in september two thousand eight thousand euro markets are also lower after a strong performance in the previous week banking stocks and dragging the european in this is lower and world bank of scotland moving over three percent on the footsie followed by lloyds banking gro

zoellick told business sites he rushes now playing a more active role in global eight. i think the deputy prime minister could hear and has started a process but also with the foreign ministry and prime minister and president it is very important which is as russia's economy recovers or grows stronger how we engage you know there are some particular areas of interest to economic literacy you would get some support from russia anti-malaria being with africa but i'd give you a good example we're working with russia now and some of the central asian countries which obviously been very dependent on remittances from russia but have gone through some very difficult economic times so what i find encouraging is that russia is seen as it wants to move into the aid and development field that wants to do so in concert with others. oh let's have a look at the markets most major asian markets are trading lower on wednesday in the wake of shellfire between north and south korea japan's nikkei was down point seven percent and only after the session among the hard hit sectors so me tal

zoellick in st petersburg this week to discuss the recovery trade. much of the debate is talked about the current account imbalances and sort of rebalancing aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot of focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment infrastructure today can create jobs but also bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar mean for dominance what you're going to have the role of . the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital account and over time the question is how will they move to that issue so the currency issues i think

and staying with gold world bank president robert zoellick has denied reports that he's calling for a return to the gold standard he says the u.s. dollar should be only one of several reserve currencies and gold should be a reference point for a new monetary system says he wants a debate about a new international financial order to replace the bretton woods accords. and time to check on the markets now and both reporters are falling over a percent here in moscow all the main players are down on the r.t.s. with energy stocks the major drag after vases bucking the trend though it's preferred stock is up again for the second day more than twenty percent higher over my six. it's a similar story in europe markets are lower a day after some some hit two year highs with a fresh round of earnings weighing on some shares in london the footsie has fallen a half a percent led by a two percent fall and roll for his group and one point six percent fall for jane sales pre-pay all see which reported course helped herself. onto russian billionaire alexander mahmood has bought a three percent stake in

exclusive the president of the world bank group robert zoellick told business r.t. ice is now a more active role in global eight. i think the deputy prime minister could ruin his started a process but also with the foreign ministry in prime minister and president it is very important which is as russia's economy recovers or grows stronger how will it engage now there were some particular areas of interest to economic literacy you would get some support from russia anti-malaria deal with africa but i'll give you a good example we're working with russia now and some of the central asian countries which obviously been very dependent on remittances from russia but have gone through some very difficult economic times so what i find encouraging is that russia is seen as it wants to move into the aid and development field that wants to do so in concert with others. so it's a look at the markets most major asian stock markets are trading lower on wednesday in the wake of shell five between north and south korea but only hong kong gaining up just at this point japan's nikkei

zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalancing aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will remain predominant what you're going to have the role of. the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital and over time the question is how will they move to that issue so the currency issues i think

dollar as a reserve currency era and as robert zoellick has said just recently he's looking for a new global currency with some kind of gold component as the u.s. dollar reserve currency era is now finished all right financial analyst and host of the kaiser report max kaiser live in paris thank you. well you are watching r t and still to come fighting against time the u.s. congress tries to approve the arms reduction treaty between moscow and washington before new members are sworn in bringing a whole different agenda. and georgia releases our spy film based on an alleged a russian network we try to separate fact from fiction. well the u.s. and afghanistan are trying to downplay rumors of a dispute brewing between the two of them and follows president hamid karzai as criticism of washington's water in afghanistan because i demanded the u.s. led coalition to reduce military operations and night raids against suspected taliban commanders which often result in civilian casualties but the u.s. secretary of state hillary clinton says the strikes are crucial to fight insurgents all this is

zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalance seen aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will mean predominant but you're going to have the role of the yen and the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital account and over time the question is how will they move to that issue so the curr

zoellick spoke exclusively to r.t. out of forum. century ago you would have had about one hundred thousand tigers and now you're down to maybe thirty to thirty four hundred and when you think of those numbers you really realize and this is one of the things that certainly energized me is that within our lifetime this species that most of us grew up thinking was you know part of our ecosystem could be caught could be extinct many people are unaware that the wildlife trade is the third largest illegal trade after arms and drugs so we this will only work if you get support of the law enforcement customs communities the bank has experience in dealing with countries on the ground but also in the very nature of economics transporter issues and one of the nice things is in addition to dealing with the environment ministries we have a long history of dealing with the budget and finance ministry so we try to connect the dots on what's an issue that has to be multi-disciplinary. ok that's going to check now as well the headlines

zoellick spoke exclusively to us at the forum. a century ago you would have had about one hundred thousand tigers now you're down to maybe thirty to thirty four hundred and when you think of those numbers you really realize and this is one of the things that certainly energized me is that within our lifetime this species that most of us grew up thinking was you know part of our ecosystem could be gone could be extinct many people are unaware that the wildlife trade is the third largest illegal trade after arms and drugs so we this will only work if you get support of the law enforcement customs communities the bank has experience in dealing with countries on the ground but also in the very nature of economics transporter issues and one of the nice things is in addition to dealing with the environment ministries we have a long history of dealing with the budget the finance ministry so we try to connect the dots on what's an issue that has to be multi-disciplinary. some top will do stories in brief now tonight first of all a second

zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalance seen aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot of focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will mean dominance what you're going to have the role of . the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital and over time the question is how will they move to that issue so the currency issues i th

zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalancing aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment in infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will remain predominant what you're going to have the role of. the euro sterling and over time the chinese currency is going to be that isn't ready yet because it's not open capital and over time the question is how will they move to that issue so the currency issues i

they had of the world bank robert zoellick has suggested bringing back the gold standard to reduce currency volatility a formal tie to gold he says major currencies will be linked to a range of assets through what he calls an open capital account it comes as leading countries from the us to china are depreciating their currencies to make their exports cheaper however that makes money worth less and it could even lead to hyperinflation. let's take a quick look at how the market's up with falling wall street is falling in early monday morning trading commodity prices and natural resources stocks are under pressure from a rising us dollar the dow jones is trading point seven percent and the nasdaq is down by three percent last week u.s. stocks were at their highest level since lehman brothers collapsed in september two thousand and eight. now in europe markets are also lower after a strong performance in the previous week utilities and basic materials are dragging on the fourth see the gains in tech stocks absolute tempering losses. and here in moscow markets are making up for their four day b

the president of the world bank robert zoellick recently proposed reforming the world's currency system strengthening the role of gold what do you think about that idea is that a reality. for most of it and you would i think there is no coming back to the gold standard. in today's world it isn't possible to peg any currency to gold or any other metal or resource whatsoever this is obsolete now what we're discussing now is just the opposite how to make those exchange rates more flexible meaning that they're not back to any natural resources like gold you could pick him to move forward in a way to fulfill the puzzle. how much of a chance is there that we could see countries the world's economic powers switched to a multi currency reserve. by me to go a bit is a i think in future as the economy globalized is the need to create a certain basket of world currencies is going to rise it's going to be many years before we get there though look at what we're doing with you know bit. thank you very much for your time. this is just a parliament building in. sixty five years ago. it was the final t

zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalance seen aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment interest director today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will remain predominant what you're going to have the role of. the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital and over time the question is how will they move to that issue so the currency issues i

president rather the president of the world bank robert zoellick recently proposed reforming the world's currency system strengthening the role of gold what do you think about that idea is that a reality. and you would i think there is no coming back to the gold standard. in today's world it isn't possible to peg any currency to gold or any other metal or resource whatsoever this is obsolete now. what we're discussing now is just the opposite with how to make those exchange rates more flexible meaning that they're not big to any natural resources like gold you could pick him to move forward and it is sort of comparable. how much of a chance is there that we could see countries the world's economic powers switched to a multi currency reserve. by me to go a bit is a i think in future as the economy globalized is the need to create a certain basket of world currencies he's going to rise it's going to be many years before we get there though look at what we're doing with the bit. thank you very much for your time. in. the. sixty's trying. to target. me from some from the army. became the sym

i'm staying with gold world bank president robert zoellick has denied reports he's calling for a return to the gold standard he says the u.s. dollar should be only one of several reserve currency and go to be a reference point for a new monetary system so the debate about a new international financial order to place the press in words a court's. time see how the markets are forming now both of course the falling into the red herring moscow all the main players of the r.t.s. the energy stocks the major drag after this bucking the trend is preferred stock is up against the second day more than twenty percent high on myself. and it's a similar story for in europe markets are lower at day to new highs with a fresh batch of things weighing on stocks in london the first serious for the low point four percent led by a two point three percent for the world i'm on point six all for joining the change things we see supporting. russia bringing to alexander motorsports a three percent stake in the group an international instrument operating in seven countries and with an annual revenue. a three poi

zoellick in st petersburg this week to discuss the recovery trade cuts the wars. much of the debate is talked about the current account imbalances and sort of rebalance scene aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot focus is on infrastructure development where we saw with china in the ninety's ever seen in other developing countries investment infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will remain predominant but you're going to have the role of the yeah and the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital account and over time the question is how will they move to that issue so the

zoellick in st petersburg this week to discuss the recovery trade and currency wars. much of the debate is talked about the current account imbalances and sort of rebalancing aggregate demand that has a worthwhile role but i think it needs to be combined with a growth agenda so not only talking about shifting the existing growth but how do you build future growth this is a lot focus is on infrastructure development where we saw with china in the ninety's and were seen in other developing countries investment infrastructure today can create jobs but also remove bottlenecks for future productivity growth but this is going to be true for the developed countries too they're also going to have to have their structural reforms in the in the currency area i think you're moving towards a system where the dollar will remain predominant but you're going to have the role of of the yeah and the euro sterling and over time the chinese currency agreement be that isn't ready yet because it's not open capital account and over time the question is how will they move to that issue so t

zoellick told business that russia is now playing a more active role in global aids. i think deputy prime minister cooper and has started a process but also with the foreign ministry and prime minister and president that is very important which is as russia's economy recovers and grows stronger how will we engage now there were some particular areas of interest to economic literacy you would get some support from russia anti-malaria deal with africa but i'd give you a good example we're working with russia now and some of the central asian countries which obviously been very dependent on remittances from russia but have gone through some very difficult economic times so what i find encouraging is that russia is seen as it wants to move into the aid and development field that wants to do so in concert with others. and let's have a look at the markets asian markets were mixed on wednesday tokyo so markets finished lower but recovered from earlier sell offs japan's nikkei closed point eight percent in the red and south korea's coast because it ended point two percent of

and the head of the world bank robert zoellick has suggested brain backed the gold standard to reduce currency volatility in a formal tie to gold he says major currencies will be linked to a range of assets. through what he calls an open capital account it comes as leading countries from the u.s. to china are depreciating their currencies to make their exports cheaper however that makes money worth less and it could even beat high price. let's take a look at how the markets are performing european markets are dipping lower on monday after a strong performance in the previous week italy's and basic materials are dragging on the footsie games and tech stocks and financials are tempering losses for now. and here in moscow markets are making up for their four day break with. gaining over one and a half percent this hour energy majors are amongst the top gainers all are up on the r.t.s. and north performing up to half percent. banks are performing well the t.v. is up three point three. on the mas it has offered to buy twenty percent of rival exchange r.t.s. for one hundred fifty million do