Russia has recently decided to add the Canadian and Australian dollar to its international reserves for the first time, due to the dollar's volatile movements occurring to the US dollar and euro in markets lately.

This decision was due to President Dmitry Medvedev's proposition to trim down the use of the US dollar as a reserve currency to its recent 34% plunge against the euro it had made in the past two years; the euro managed to also plummet by 22% in the past four years. Medvedev is attempting to create a regional reserve to assist the economy from its dire situation, especially the ongoing sovereign debt crisis currently gripping Europe.