Title: Dollar’s Role Shrinks as 80% of n Export Revenues Shift to Non-Toxic Currencies
Post by: Bitcoin on Nov 30, 2024, 08:24 pm
Post by: Bitcoin on Nov 30, 2024, 08:24 pm
Dollar's Role Shrinks as 80% of n Export Revenues Shift to Non-Toxic Currencies
’s central bank, the Bank of , has revealed that over 80% of major n exporters’ revenues are now denominated in rubles and “friendly” currencies, marking a significant shift from Western currencies. Deputy Governor Philipp Gabuniya highlighted this transition, noting that the share of “toxic” currencies -- namely the U.S. dollar and euro -- dropped […]
Source: Dollar's Role Shrinks as 80% of n Export Revenues Shift to Non-Toxic Currencies (https://news.bitcoin.com/dollars-role-shrinks-as-80-of-n-export-revenues-shift-to-non-toxic-currencies/)
’s central bank, the Bank of , has revealed that over 80% of major n exporters’ revenues are now denominated in rubles and “friendly” currencies, marking a significant shift from Western currencies. Deputy Governor Philipp Gabuniya highlighted this transition, noting that the share of “toxic” currencies -- namely the U.S. dollar and euro -- dropped […]Source: Dollar's Role Shrinks as 80% of n Export Revenues Shift to Non-Toxic Currencies (https://news.bitcoin.com/dollars-role-shrinks-as-80-of-n-export-revenues-shift-to-non-toxic-currencies/)