RussiaRussian Deputy PM on US Dollar's Decline as Global Reserve Currency
The Russian Deputy Prime Minister stated that many countries are moving away from the US dollar as a global reserve currency due to its weaponization, perceiving it as unsafe.
Background
Russia has faced international sanctions and economic pressure from Western nations, including the United States, following its actions in Ukraine. This has prompted discussions within Russia about reducing reliance on Western financial systems and the US dollar.
Quorum · collective opinions
Russian Ruble's Role as Global Reserve Currency
First report 5h agoLast update 5h agoThe weaponization of the US dollar has led several countries to realize its unsafety as a global reserve currency, prompting a shift away from its use.
Russian Deputy PM on De-dollarization
First report 5h agoLast update 5h agoThe US dollar is no longer seen as a safe global reserve currency by many countries, leading to an irreversible shift away from its use.
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