Russian Expert Migunov: Russia Needs Time To Exit The Dollar – A Rapid De-Dollarization Of International Trade Will Not Succeed August 20, 2019
Excerpt: "After sustaining a series of very tough sanctions imposed by the US in 2017-2019, Russia has redoubled its efforts to modify the dollar-dominated international trade system. Russian expert Dmitry Migunov explained that Russia's de-dollarization plan consists of two parts: the first is to lower the dollar's share in Russia's international reserves, and the second is the transfer of the country's international trade from the dollar to other currencies, including the ruble”
”The process of Russia's deliverance from dollar domination in the country's international commerce has arrived. Currently, a little more than half of all deals with important counterparts are implemented in American currency. However, it's not the national currency, but primarily the euro that is substituting for the dollar.”
