November 15, 2024

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Putin Says US Dollar Dominance Diminishing as Use of ‘Toxic Currencies’ Declines

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Putin Says US Dollar Dominance Diminishing as Use of ‘Toxic Currencies’ Declines
Putin Says US Dollar Dominance Diminishing as Use of ‘Toxic Currencies’ DeclinesRussian President Vladimir Putin claims U.S. economic policies are diminishing the dollar’s global dominance. “Last year the share of payments for Russian exports in the unfriendly states’ so-called toxic currencies was halved,” he revealed, labeling the U.S.’s $1 trillion trade deficit as modern neocolonialism and emphasizing Russia’s shift towards using the ruble and local currencies […]