Russian President Dmitry Medvedev will raise the issue of a global reserve currency at a meeting with leaders of Brazil, India and China, the Kremlin economic aide, Arkady Dvorkovich, said on Tuesday.

“Dmitry Anatolyevich will raise the reserve currency issue at the BRIC summit,” Dvorkovich told Reuters on Tuesday.

The world’s biggest emerging market powers will seek to craft a united front on repairing the global financial system when they meet for the first formal BRIC summit on Tuesday.

The four BRIC nations — which account for 15 percent of the $60.7 trillion global economy — will focus on ways to reshape the financial system after the economic crisis.

But immediate agreement on practical steps among the members of this loose and untested bloc appears most unlikely.  Read the rest of this entry »