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Tuesday, April 1, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Financier Ulanova spoke about the scenario with the banning of the dollar in Russia

| 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.

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