Vladimir Putin Quotes

Therefore today we have an absolutely sufficient level of gold and foreign currency reserves in order to ensure economic stability and sustainable foreign trade turnover.

It will be found, that as some particular Men in a Town grow richer, and thrive better than others; so also do Nations, who by Trade serving the occasions of their Neighbors, supply themselves with what they have occasion for from abroad; which done, the rest is laid up, and is Silver, Gold, etc. for as I said, these being commutable for everything, and of small bulk, are still preferr'd to be laid up, till occasion shall call them out to supply other Necessaries wanted.

… international confidence is the foundation stone of international credit, and international credit is essential to international trade.

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

The amount of currency in circulation is not changing. The money supply is not changing in any significant way.

In 2006, the global economy was doing well. In India, the political and economic situation was stable. All key macroeconomic indicators reflected an economy that was in robust good health.

The dollar is currently the principal reserve currency in the world.

As far as the Russians were concerned, I felt the reverse; they had adequate gold, if they wanted to buy, and they weren't dependent upon international trade. I felt they were more self-sufficient.

So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.

In order to address world economic imbalances, countries around the world should make joint efforts to adjust their economic structure.

When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue.

There has never been a failure of a currency board anywhere in the world. These are tough systems, and when I say they are foolproof, that's exactly the case.

Our dollar is now altogether too greatly influenced by the accidents of international trade, by the internal policies of other nations and by political disturbance in other continents. Therefore the United States must take firmly in its own hands the control of the gold value of our dollar. This is necessary in order to prevent dollar disturbances from swinging us away from our ultimate goal.

There is no way out of playing by the rules of the international economy if you wish to be a part of it.

Gold and silver afford the only safe foundation for a monetary system.

May our exports be so great, and our imports so small, that the balance of trade may be in our favor.

All Nations endeavor to get the [foreign] Exchange as much as they can on their side.

Trade never balances. It hasn’t since 1776.

Our international trade relations, though vastly important, are in point of time and necessity, secondary to the establishment of a sound national economy. I favor as a practical policy the putting of first things first.

A stable currency and an excessive external debt are incompatible. A similar relation holds as between a country's currency and an excessive internal debt

Exchange-rate stability is extremely important.

Currency regimes in the past were always destroyed by volatility. So sooner or later, people desire a currency that is stable.

Having a proper understanding of countries' external positions - current accounts, stock positions, and currencies - is critical to highlight policymakers' shared responsibility to tackle external imbalances before they become too risky.

As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.

All issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.