Merlin
Moscow to cut dependence on U.S. payment systems: RIA
Mon Aug 7, 2017 12:08pm
24.187.22.34

Moscow to cut dependence on U.S. payment systems: RIA

ttp://www.reuters.com/article/us-usa-trump-russia-sanctions-response-idUSKBN1AN13Q?il=0





Poor Putin. :-(


Thing is that nobody, regardless of their politics or economic ideology, is willing to settle in Russian RUB.

Thing is that everyone wants to be holding USD, including Russia, ISIS, etc., not because of any political or economic ideology, but because USD is de facto the currency of choice because it is readily accepted everywhere regardless of the amount involved because USD are, compared to every other currency, sound, stale, and liquid.

    • RIA is the news agency? Sia☺giah, Tue Aug 8 1:39am
      or does it mean something else in this piece? I can understand why Putin would want to cut Russian dependence on USD given the brutal sanctions, but if no one wants the Russian Ruble, then he's not... more