Russia has traded in its own currency against the US dollar..!?
Russia has traded in its own currency against the US dollar..!?
When it comes to the demon money that holds the world in its grip, many people are criticizing the US currency, the dollar, as the most terrible demon. In this situation, russia has very successfully carried out trade against the dollar. Especially among the Commonwealth countries, russia has shown trade in the respective countries' own currencies. Everyone knows the enmity between America and Russia. Therefore, it announced that instead of the dollar, the respective countries' own currencies can be used to trade with us. russia started this work from the Commonwealth countries. That is, The Commonwealth countries are. russia sells many products to these countries. Most notably, it sells crude oil, which is the source of petroleum products. russia made these sales in the currencies of their respective countries.
US Dollar: All countries in the world trade. Those countries want to do this trade in their own currency. However, countries like the United Arab Emirates, which are the kings of trade, trade only in the US dollar. Therefore, the dollar has become essential for every country, including India. If there is no dollar, the economic collapse of those countries will occur.
Russia's victory: Russia has been conducting 85% of its trade with the Commonwealth countries in its own currency, which has put the US dollar under pressure. Although this has not completely eliminated the dollar dominance, international political commentators say that this small trade victory is a huge victory for the domestic currency trade. It is noteworthy that if the same situation continues, india too can get rid of the dollar dominance.
When it comes to the demon money that holds the world in its grip, many people are criticizing the US currency, the dollar, as the most terrible demon. In this situation, russia has very successfully carried out trade against the dollar. Especially among the Commonwealth countries, russia has shown trade in the respective countries' own currencies. Everyone knows the enmity between America and Russia. Therefore, it announced that instead of the dollar, the respective countries' own currencies can be used to trade with us. russia started this work from the Commonwealth countries. That is, The Commonwealth countries are. russia sells many products to these countries. Most notably, it sells crude oil, which is the source of petroleum products. russia made these sales in the currencies of their respective countries.
US Dollar: All countries in the world trade. Those countries want to do this trade in their own currency. However, countries like the United Arab Emirates, which are the kings of trade, trade only in the US dollar. Therefore, the dollar has become essential for every country, including India. If there is no dollar, the economic collapse of those countries will occur.
Russia's victory: Russia has been conducting 85% of its trade with the Commonwealth countries in its own currency, which has put the US dollar under pressure. Although this has not completely eliminated the dollar dominance, international political commentators say that this small trade victory is a huge victory for the domestic currency trade. It is noteworthy that if the same situation continues, india too can get rid of the dollar dominance.