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3232Bank of Russia Analysts Note Ditching US Dollar Is ‘Hardly Possible’ Without Structural Changes to Foreign Trade
https://www.digit.info/bank-of-russia-analysts-note-ditching-us-dollar-is-hardly-possible-without-structural-changes-to-foreign-trade/
Fri, 14 Apr 2023 06:00:47 +0000https://www.digit.info/2023/04/14/bank-of-russia-analysts-note-ditching-us-dollar-is-hardly-possible-without-structural-changes-to-foreign-trade/Read more]]>A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions are still concluded with […]
A report from the research department of the Bank of Russia shows that, due to the structure of foreign trade contracts, it will be difficult to ditch the usage of the U.S. dollar to settle payments. The analysts found that contracts are often denominated in U.S. dollars and that most transactions are still concluded with […]