Russian President Vladimir Putin has announced the expansion of the use of reliable currencies at the expense of the dollar, according to the TELMENEWS.RU news agency.
He noted that it was proposed to the Russian Federation to settle in Chinese Yuan. Moreover, such agreements are followed not only in China, but also in other countries, especially in the Middle East.
Putin added that the dollar now has certain advantages in Russia, while the currencies of other countries used in the country, on the contrary, have limitations. However, they plan to correct the situation, since the states are interested in strengthening their national currency.
“We’re going to gradually expand that, we’re going to expand those currencies that are reliable,” the president said.
Putin stressed that Russia’s intentions to reimburse countries in Asia, Africa and Latin America with the yuan do not constitute an encroachment on the dollar. The reason for this is that the United States does not allow full use of its national currency.
The president believes that US politicians, with their short-sighted decisions, are making the dollar unreliable on their own, as they limit the use of this currency when they are in a favorable position.
