Russia May Swap Some U.S. Treasuries for IMF Debt

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Alex Nicholson and Dakin Campbell
Bloomberg
June 10, 2009

Russia may switch some of its reserves from U.S. Treasuries to International Monetary Fund bonds, the central bank said today. The comment drove Treasuries and the dollar lower.

A d v e r t i s e m e n t

Alexei Ulyukayev, first deputy chairman of Russia’s central bank, said some reserves may be moved from Treasuries into IMF debt, reiterating comments made last month by Finance Minister Alexei Kudrin. Ulyukayev’s remarks were confirmed by a Bank Rossii official who declined to be named, citing bank policy.

Treasuries fell, pushing 10-year yields toward the highest level in seven months, in response to Ulyukayev’s statement. The dollar fell against the euro on speculation that Russia will reduce its holdings of U.S. debt.

About 30 percent of Russia’s international reserves, which stood at $401.1 billion on May 29, are currently held in Treasuries, Ulyukayev said. Kudrin said on May 26 that Russia planned to buy $10 billion of IMF bonds using money from its foreign reserves.

Comment Rules

23 Responses to “Russia May Swap Some U.S. Treasuries for IMF Debt”

August Says:
June 10th, 2009 at 10:19 am
Dump them all Russia; save you country from the criminal US government crooks!

nader paul kucinich gravel Reply:
June 11th, 2009 at 4:47 am
2 “Japanese” carrying $134 BIL worth of U.S. bonds detained in Italy.

Goin’ Swiss ~

Jake Reply:
June 11th, 2009 at 8:22 am
Wohhhh…
let’s remember the IMF is one of the biggest parts of the problem.
Trading dollars for IMF bonds is like jumping from the pot to the fire.
The NWO WANT Russia AND China to move in this direction!
THINK ABOUT IT.
August Says:
June 10th, 2009 at 10:21 am
The people of the USA have already been wiped out, but you still have time to save your money! SELL, SELL, SELL!
birdeye Says:
June 10th, 2009 at 10:24 am
We see,an have seen Nation.s moving away from the dollar.IMF, are they just going to a set up a new reserve currency dropping the dollar?
dWaRf mApLe Says:
June 10th, 2009 at 10:26 am
http://911essentials.com thinks they may be jumping from the frying pan into the fire … but it may not matter in the end.

911essentials is a primer portal introduction to the New World Order Corporate Banking Police State, its plans for one world government and their worship of the fake science Eugenics.
OzyBoy Says:
June 10th, 2009 at 11:05 am
Yep. The au is going up against us again today. As china and the ruskies bail..the usd will become worthless.

Infowarrior Reply:
June 10th, 2009 at 1:22 pm
What a stupid american tradition to write “ruskies”. Russkie – this is right word. By the way, no surprise, americans always write stupid things full of mistakes. Still living in Cold War times…

Theywontchipme Reply:
June 11th, 2009 at 7:11 am
nO BROAD generalizations here……
Curt Says:
June 10th, 2009 at 11:25 am
IMF SDR’s have been in place for decades. It is a ready made world currency pegged to the 4 largest currencies. These have been popping up in conversations around the economic elite for at least 6 months and will be implemented first for reserve currencies and large scale transactions but will be mainstreamed over the course of the next 10 years. Most people had no idea these things even existed until the head of China’s bank talked about them. This will be a key issue in the near future, so stay informed as this can have a devistating effect on the dollar.

Unconquered Reply:
June 10th, 2009 at 4:26 pm
Uh, can I get my paycheck in IMF SDR’s? Ameros…? Yuans….? No…?
whitemale08 Says:
June 10th, 2009 at 12:49 pm
This is what happens when the very parasites that left an empty husk of an economy are being saved by the very sucker’s who host the parasites.

It’s disgusting.
ZZ Topless Says:
June 10th, 2009 at 2:03 pm
Who can blame them? Dump it now!!
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June 10th, 2009 at 4:50 pm
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MMB Says:
June 10th, 2009 at 5:52 pm
You’re welcome, Alex! Please organize marches on State Capitols…we need legal means to redress our grievances against the tyranny.
Joe Says:
June 10th, 2009 at 9:22 pm
Good for Russia! Look out for your own interests because the US will betray your trust as it does with its own people. The US is run by ring knocking traitors. Don’t let your guard down for one second when dealing with the “ever-smiling” US. BTW, I’m an American.
the man Says:
June 11th, 2009 at 1:35 am
Alex Jones should be ranting against the secret service and what do you hear………….NOTHING!!
Also,Jones should quit saying that he is a Christian because he DOES NOT preach the gospel,he says that he leaves it up to others on the radio to do that. Well then,Jones,STOP saying that you are a Christian because it appears to me that you ARE NOT a christian and you are afraid of the secret service. What? Is Alex Jones an agent of the secret service??????????

Theywontchipme Reply:
June 11th, 2009 at 7:13 am
rofl lmao
Spregovori Says:
June 11th, 2009 at 5:53 am
They will get rid of the treasury just to get in debt by borrowing from IMF? Different face, same devil.

andrew Reply:
June 16th, 2009 at 8:31 am
I heard the US and UK and others are giving the IMF money so they can loan it out!! very logical isnt it… the US has no money but still grants some to the IMF who loans it out at interest/profit and keeps all of it for itself.
Jake Says:
June 11th, 2009 at 8:30 am
I hear a lot of people saying this is a good thing.
The IMF and World Bank are going to OWN Russia and China just like they do the USA if this happens. THEY ARE THE NWO FOLKS!! What has Alex always said… it’s the off shore banks! It’s the international banking cartel! Not our gov and not anyone elses gov… we need to unite world wide against these banksters or with the stroke of a pen they will buy the entire world back after the dust settles!! A better solution would be for the USA to AUDIT and consequently ABOLISH the FED so we can get some kind of sound money. Lead by example! If we can do it others will see they can do it too… we can kick the bankers out if we care enough to see their game!

andrew Reply:
June 16th, 2009 at 8:28 am
Dont forget that the banksters are no defenseless. Abolishing the FED might lead to the internationally controlled central banks accross the globe releasing their stranglehold on the economy gradually to pose as the saviours and help other nations outperform the US easily with cheap loans and making money plentiful to facilitate trade. Perception is everything and even if you are living in a puddle of mood you can be persuaded to look down at the wealthiest person. But you are right we need to get out of the controlled money offered by banks whose owners profit from use using it, it has to be restore to the people like the founders said, unfortunately the government representing the people are corrupt so it is hard to come up with a real solution as to standardise money, maybe diverse goods could be used as money so no one can get a monopoly on it, gold alone is not the answer because it is scarce and can be monopolised easily, silver on the other hand is more plentiful and harder to control in a short period of time.
Married to 1/3 Native American Says:
June 11th, 2009 at 11:13 pm
I wonder how the IMF bond works in markets? Anyone in here an expert on the subject? All I know is when people buy into bonds they usually have to keep the fixed interest rate, and when inflation goes up they are loosing money. So, they buy into hedge funds (commodites) for an insurance.