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Russia and China abandon the dollar



Russia and China abandon the dollar

Russia and China have reduced the use of the dollar in bilateral settlements to 46%.





It is noted that in 2015, about 90% of all transactions were made in the US currency. This is reported by Stratfor.

A study conducted by Nikkei Asian Review reports that the gradual rejection of the dollar forms a financial Alliance between China and the Russian Federation.

Experts point out that both countries are interested in reducing the dominance of the US currency in international markets.

However, at the moment, at least 93% of all world trade is carried out in dollars or euros.

Earlier, we reported that the US will spend an additional trillion dollars to save the economy.



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TAGS: RUSSIA, CHINA

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