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Thread: De-Dollarization Updates

  1. #1

    De-Dollarization Updates

    might as well give it a home and light the candles.



    How Russia plans to disentangle its economy from US dollar
    https://www.rt.com/business/440482-r...my-dependence/


    The Russian Finance Ministry has announced a plan to wean the country of dollar dependence. It is expected to be a long and painful process.
    According to the plan published this week, Russia seeks to de-dollarize the economy by 2024.
    The program is long and complicated, but its key point is
    that Russian exporters who use rubles instead of dollars would get huge taxation benefits including quicker VAT returns and other stimulus



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  3. #2
    Russian banks open to trading in national currencies with India, Andrey Kostin VTB chairman
    https://sptnkne.ws/jGz3

    "Russian banks are ready to trade in rupees and in rubles … We should develop a mechanism of trading in our own currencies... both countries now support,"
    "the countries could achieve "good results" within the next two years if they really put their minds to it and boost bilateral trade".
    "The more trade we have the more local currency we have and the easier it is for such transactions,"

    Indian Court Grants Russia's VTB Capital-Backed Numetal to Bid for Essar Steel

    Good morning

  4. #3

  5. #4
    Putin: Russia Getting Rid Of US Dollar Matter Of National Security


  6. #5
    zerohedge
    World's Largest Asset Manager Warns: The Dollar's Days As Global Reserve Currency Are Numbered
    https://www.zerohedge.com/news/2018-...y-are-numbered



    The Fall Of The US Dollar: Is The Return To A Gold Standard Inevitable?

  7. #6
    The agreement will be valid for three years and can be extended by mutual consent. The move is aimed at facilitating bilateral trade and investment, and maintaining financial market stability.
    China, Indonesia sign currency swap deal
    http://www.xinhuanet.com/english/201..._137617248.htm

    The agreement will allow the two sides to swap a total of 200 billion yuan (about 28.8 billion U.S. dollars) for 440 trillion Indonesian rupiah, and vice versa.... allows two institutions to exchange payments in one currency for equivalent amounts in the other to facilitate bilateral trade settlements and provide liquidity support to financial markets.

  8. #7
    Iranian officials are mulling over Iraq's offer to pay in Iraqi Dinars instead of the dollar or Euro, according to Iranian state media.. an alternative plan might included using barter mechanisms to carry out imports and exports.
    Iraqi Dinar May Replace Dollar And Euro In Iran's 2nd Largest Export Market
    https://www.zerohedge.com/news/2018-...ran-iraq-trade


    Iraq is Iran's second largest export market with a substantial portion of that trade in energy.
    Baghdad has pushed to process payments for gas and electricity in its own currency of dinars.
    Last summer a severe temporary electricity reduction fueled unrest across the south of Iraq.
    Chronic shortages and a failing Iraqi infrastructure means Tehran has been a key lifeline fueling Iraq's increasingly desperate needs.

  9. #8
    India & UAE Sign Pact To Trade In Rupee And Dirham

    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.



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