Commodity Trade Mantra

Posts Tagged ‘Roubles’

Russia Is Actually Abandoning The U.S. Dollar

Gazprom is not the only big company in Russia that is moving away from the U.S. dollar. Russia will start settling more contracts in Asian currencies, in order to lessen its dependence on the dollar market. Russia abandoning the dollar will hurt, but if other nations start following suit that could eventually cause a financial avalanche.

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