Last post

Putin is preparing to replace the dollar

The BRICS countries are discussing the creation of a reserve currency instead of the dollar
Photo:


Russian President Vladimir Putin has announced that he is working on an international reserve currency. Putin said this in a greeting to the participants of the BRICS business forum.

“Russia’s financial messaging system is open to connect the banks of the five countries. The geography of the use of the Russian payment system “Mir” is being expanded. The issue of creating an international reserve currency based on the basket of currencies of our countries is being considered, “Vladimir Putin said.

Putin also noted that entrepreneurs have to engage in business development in difficult conditions. Putin noted that “Western partners are pursuing an irresponsible macroeconomic course, including the launch of a printing press, uncontrolled issuance and the accumulation of unsecured debts.”

Earlier, Russian Prime Minister Mikhail Mishustin said that more and more countries began to doubt whether to keep their savings in dollars. Confidence in reserve currencies and the financial system has been undermined by the West’s freeze on Russia’s foreign assets, he said.

More than a hundred thousand Russians read our news in a telegram! Join and you – subscribe to the channel URA.RU.

Russian President Vladimir Putin has announced that he is working on an international reserve currency. Putin said this in a greeting to the participants of the BRICS business forum. “Russia’s financial messaging system is open to connect the banks of the five countries. The geography of the use of the Russian payment system “Mir” is being expanded. The issue of creating an international reserve currency based on the basket of currencies of our countries is being considered, “Vladimir Putin said. Putin also noted that entrepreneurs have to engage in business development in difficult conditions. Putin noted that “Western partners are pursuing an irresponsible macroeconomic course, including the launch of a printing press, uncontrolled issuance and the accumulation of unsecured debts.” Earlier, Russian Prime Minister Mikhail Mishustin said that more and more countries began to doubt whether to keep their savings in dollars. Confidence in reserve currencies and the financial system has been undermined by the West’s freeze on Russia’s foreign assets, he said.

About the author

lpnaf

Leave a Comment