Date: 4 days ago   Category: Economy

Russia achieved progress in fight against dollar


The Russian authorities for the last five years achieved certain success in fight against dependence on the American currency: the US dollar share in structure of currency transactions of Russia since 2013 on the 2018th fell from 79.6 to 67.3 percent. The research of the auditor and consulting company FinExpertiza demonstrates to it. As an alternative to the American currency Russia began a thicket to use euro — about 9.1 percent in 2013 up to 17.3 percent following the results of 2018. It was promoted in many respects by the Russian trade partners, especially China which sharply increased a share of euro calculations for the Russian goods. For example, in the first quarter of the 2018th the share of payments in euro made only 0.7 percent, however by the end of the year it grew up to 13.5 percent. Materials on teme00:01 — on March 25 Sign the kommunizmarossiya spends billions for new buildings of a century. But whether experience of the USSR will help to lift economy? In parallel with decrease in a share of dollar the importance of Russian ruble whose share for a specified period grew from 10.2 to 13.6 percent grows. Significant growth was shown by such trade partners as India (from 1.1 to 37.2 percent) and Belarus (from 53.4 to 78.2 percent). "Due to reduction of a role of dollar ruble in five years became the main currency in export of Russia to the CIS countries" — it is said in a research which during the plenary Go Global Summit session was presented by the chairman of the board of directors of FinExpertiza Elena Trubnikova. After introduction in 2014 of sanctions of the USA Russia as a countermeasure began policy on decrease in dependence on dollar in international payments. The similar policy is considered at the moment also by the European authorities which are also dissatisfied with domination of dollar in international payments. What occurs in Russia and in the world? We explain on our YouTube channel. Subscribe!

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