A Colleague's Response

...here's what a friend of mine, who is Head of Equities at one of the largest firms in Russia, had to say regarding the global currency post below:

"Cool. i like. everyone should think with a global currency. we don't live in an isolated world anymore, but a full fledged global economy. Anyone, and I mean anyone, can open an internet acct sell USD to EUR...etc. Russia has $400mln in reserves in USD terms that is made up of 50% USD, 45% EUR and 5% JPY. Smart to do as they are well balanced and hedged against global turmoil in that sense. (they are so exposed to oil price that in the end it doesn't help, but it does mitigate some downside)."