Dollar’s Role Shrinks as 80% of n Export Revenues Shift to Non-Toxic Currencies

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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