Decentralized int'l financial system beneficial for global economy: Putin

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Decentralized int'l financial system beneficial for global economy: Putin

STORY: Decentralized int'l financial system beneficial for global economy: Putin DATELINE: May 25, 2023 LENGTH: 0:03:58 LOCATION: Moscow CATEGORY: ECONOMY SHOTLIST: 1. various of the plenary session of the second Eurasian Economic Forum in Moscow (courtesy of Kremlin) 2. various of Moscow STORYLINE: Russian President Vladimir Putin said on Wednesday that a shift towards a decentralized international financial system will be beneficial for the global economy. Speaking at the plenary session of the second Eurasian Economic Forum in Moscow, Putin said that many rapidly developing economies are currently shifting towards the use of national currencies in international settlements. "It is important to coordinate joint efforts to create... a new, decentralized global financial system," he said, adding that this switch would be beneficial for the global economy, and would bring stability. A more decentralized financial system would make the world economy "less dependent on crisis phenomena" in countries

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