Kazakh president says dollar will be replaced

Kazakh President Nursultan Nazarbayev believes that a new reserve supranational currency will appear to replace the dollar, he told the Fourth Economic Forum in Astana on Tuesday, RIA Novosti reports.

The president said that the current monetary system is deficient and forces countries to use alternative currencies. The Bolivarian Alliance for the Peoples of Our America is talking about the sukra, BRIKS passed a memorandum on using national currencies for mutual crediting, Nazarbayev reminded the Forum.