로그인




연락처 :
bolle1917@gmail.com

https://sputniknews.com/business/201905071074793077-russian-roublein-brics/?fbclid=IwAR0sfWLt7ejCiyAiOwLSeKtpa34C4XCNghz7l71wlPfMJ_4Kn2MU_ayGeso

Russia and Its BRICS Partners Gradually Abandoning Dollar in Mutual Trade

Moscow has been systematically abandoning various dollar-related assets since Washington began imposing unilateral sanctions against Russia over its alleged role in the 2014 Ukrainian crisis and purported meddling in the US presidential election in 2016 - something which Moscow strongly denies.

Russia has increased the use of its national currency, the rouble, in transactions with BRICS partners Brazil, India, China, and South Africa, increasing the currency's share by 720%, amounting to 9.4% of all transactions over the period between 2013 and 2018, Russian international consulting firm FinExpertiza reported. In total, the rouble was used in $6.3 billion worth of transactions with these states.

The biggest growth in rouble-based transactions was achieved with India, where the Russian national currency comprised 37.2% — an increase of 3,380%. Russia's largest trading partner in the bloc, China, witnessed an increase in the volume of rouble-denominated deals by 520%.

Other BRICS countries have also exhibited growth in the volume of mutual transactions in their national currencies, as well as in euros, with the former comprising up to 4% and the latter up to 9.5% of all transactions between members of the group. The growth was achieved due to a dramatic fall in volume of dollar-denominated transactions — greenbacks now make up 77%, which means a 20% reduction over the course of the last five years.

"An increase in commodity turnover became the driver for switching to settlements in national currencies between the BRICS countries while reducing the share of settlements in dollars", Elena Trubnikova, the chairwoman of FinExpertiza's board, commented on the change.

Russia has been systematically reducing the share of its investments in dollar-denominated assets. Namely, it sold off a significant portion of its US securities, while at the same time actively building up its gold reserves. The shift in the Russian central bank's policy began after Washington initiated a campaign of imposing unilateral sanctions against Russia under the pretext of Moscow's alleged involvement in the Ukrainian crisis in 2014 and alleged meddling in the US presidential election in 2016.

READ MORE: Gold Extends Gains Amid Weaker Dollar, Higher Oil Prices

Washington has failed to provide any credible evidence to substantiate the accusations, which Russia has vehemently denied on multiple occasions.

?

List of Articles
번호 제목 글쓴이 날짜 조회 수
494 [터키/미국] Turkish Government Surveilled US Troops as Part of 2016 Coup Probe - Report 볼셰비키 2019.05.02 131
493 [그리스] Why we need to support Greek left now file 볼셰비키-레닌주의자 2015.01.04 130
492 [브라질] Crisis in Brazil 볼셰비키 2016.06.07 130
491 [미 대선/IG] The Election From Hell Whoever Wins, We Lose 볼셰비키 2016.11.12 130
490 [영국/RS21] Walthamstow EDL protest: outnumbered by cops, undefeated by Nazis 볼셰비키 2015.05.12 129
489 [미국/유럽] Merkel Says Postwar Order Over, Calls on Europe to Unite in Face of US 볼셰비키 2019.05.17 128
488 [남아공] SACP splits unions down the middle 볼셰비키-레닌주의자 2014.12.12 127
487 [파시즘] Why the Rise of Fascism is Again the Issue 볼셰비키 2015.03.03 127
486 [영국/참세상] 코빈 압승의 의미 볼셰비키 2015.09.17 127
485 [미국/대선] Bernie Sanders To Stay A Democrat For Life And Support Clinton If She Is The Nominee 볼셰비키 2016.04.23 126
484 [이란] The Economics Driving Iran’s Protests: Why Trump and Bibi Are Not In Charge (요약 번역 포함) 볼셰비키 2018.01.06 125
483 [베네수엘라] Moscow: US Claim That Russia Convinced Maduro Not to Flee Part of 'Info War' 볼셰비키 2019.05.01 125
482 [러시아] The Russia as ‘imperialist’ thesis is wrong and a barrier to solidarity with the Ukrainian and Russian people 볼셰비키 2015.02.10 124
481 [이란] Two Weeks in January: America's secret engagement with Khomeini 볼셰비키 2016.06.07 124
480 [세계정세] Imperialist war, the working-class upsurge in the Mideast and North Africa, and the strategy of Permanent Revolution 볼셰비키 2019.05.11 124
Board Pagination Prev 1 ... 5 6 7 8 9 10 11 12 13 14 ... 42 Next
/ 42