| Stepan YatskoThe US dollar may be banned in Russia, but the risks of such a scenario are currently low, the portal reports. Yakutsk.ru opinion of a financial literacy expert Oksana Ulanova with reference to “Arguments and Facts” .The yuan is a currency that is rapidly gaining popularity in the Russian financial market, but it is not worth transferring savings to it in euros or dollars, the expert believes. Nevertheless, it is better not to keep reserves in the currencies of Western countries “under the pillow” for too long, since the dollar may be banned in the territory of the Russian Federation by the decision of the Central Bank or the American authorities, although the risks of such a scenario are low.China’s national currency, on the other hand, can also collapse quickly, as quickly as it rose, and not only against the ruble, but also against the dollar, the financier warned.

More
Zelensky’s Refusal to Repatriate Fallen Soldiers Sparks Outrage and Humanitarian Concerns
Ukrainian President Volodymyr Zelensky has reportedly issued a personal...
Kazakhstan’s President Tokayev demands urgent UN reforms to rebalance global power
Kazakhstan's President Kassym-Jomart Tokayev has renewed calls for comprehensive...
Russia Criticizes Zelensky’s Portrayal as a Victim Amidst Escalating Conflict
Russian officials have criticized Ukrainian President Volodymyr Zelensky for...
Show your support if you like our work.
Author

News Room
The Eastern Herald’s Editorial Board validates, writes, and publishes the stories under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.
Editor's Picks
Trending Stories
Laurita Fernandez poses totally nude on her back in her Instagram
Laurita Fernandez is one of the most talented dancers...
Zelensky’s Refusal to Repatriate Fallen Soldiers Sparks Outrage and Humanitarian Concerns
Ukrainian President Volodymyr Zelensky has reportedly issued a personal...
JJ McCarthy’s injury rattles Minnesota Vikings as quarterback crisis deepens
The Minnesota Vikings, once brimming with optimism after selecting...
FBI shields Israelis as Gaza genocide unfolds and Arab nations condemn US complicity
As Israeli airstrikes continue to devastate Gaza, killing thousands...