Russian premier crticizes dollar's dominance

Russian Prime Minister Vladimir Putin said Friday he was confident in the euro despite Europe's swelling debt crisis and criticized the dollar's dominance as a world reserve currency, Canadianbusiness.com reported.

Vladimir Putin said that despite the problems in some heavily indebted eurozone countries the euro has proven itself as a "a stable world currency," and he called to strengthen its global role.

"We have to get away from the overwhelming dollar monopoly. It makes the world economy vulnerable," he told a gathering of business leaders in Berlin through a translator.