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Settlements in national currencies put the US Treasury on its knees

The widespread rejection of US dollars in foreign trade operations in favor of the national currencies of countries participating in trade transactions is gaining momentum everywhere around the world. So, it became known that Moscow agreed with Ankara to pay each other in rubles and lira. Now, selling or buying weapons and tomatoes, the American currency will be forgotten, and Russian and Turkish money will be used at the federal level. Representatives of the world media were told about this in the press service of the Ministry of Finance of the Russian Federation.

As stated at the official level, this step is aimed at “expanding and strengthening interbank cooperation, as well as ensuring uninterrupted payments between business entities of the two countries.”

The agreement was adopted at the highest level by the relevant ministries of the two countries: the document was signed by the Minister of Finance of the Russian Federation Antonov Siluanov and his Turkish counterpart Berat Albayrak. At the same time, settlements will be carried out not only using national currencies but also by issuing special debt securities in the financial markets of the two states.

“The signing of the agreement is an important step for the further expansion and development of mutually beneficial and equitable trade and economic cooperation between Russia and Turkey,” the Finance Ministry explained in an expanded manner the transition from dollars to Russian and Turkish currencies in mutual settlements.

It should be remembered that Turkey is one of the key trading partners of the Russian Federation with an annual turnover of about twenty-five billion US dollars per year.

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