A trend toward a declining share of the dollar as a global reserve currency is becoming increasingly evident, Russian Presidential Spokesman Dmitry Peskov said at the 12th Primakov Readings international academic and expert forum.
Measures taken by the Russian government deliver the planned result and the situation in the economy is under control, Russian President Vladimir Putin said at the meeting with the government.
The dollar exchange rate on Forex has dived below 76 rubles, according to ICE (a composite index of several forex brokers).
The dollar fell, while the euro and yen rallied on Wednesday after U.S. President Donald Trump agreed to a two-week ceasefire with Iran.
Global markets have experienced sharp moves this year, with gold surging then seeing its biggest decline in four decades.
This is due to a number of steps by the Ministry of Economy, as well as sanctions
The share of settlements in the national currencies between the countries of the Eurasian Economic Union (EAEU) stands at 93%, Russian President Vladimir Putin said at an expanded meeting of the EAEU.
BRICS member states don’t oppose the use of the U.S. dollar in global trade but believe it is important to develop alternative mechanisms for international settlements, international affairs advisor to the South American nation’s president Celso Amorim said.
The Central Bank of Russia is lifting restrictions on foreign currency transfers abroad for both Russian citizens and individuals from "friendly" countries, effective December 8.
Bitcoin prices rallied on August 13, reaching a fresh, all-time high above $124,000.
Iran's cabinet approved the removal of four zeros from the national currency, the rial, Iranian government spokeswoman Fatemeh Mohajerani said.
Members of a committee of the Iranian parliament have voted in favor of a motion to reform the country’s national currency by removing four zeros from it and restoring an old currency subdivision named qiran.
The National Bank of Kazakhstan has begun foreign exchange interventions to stabilize the tenge after the national currency hit historic lows, the regulator said.
The Russian ruble has become the world's top-performing currency in the first half of the year, according to an analysis of global trading data. It surged nearly 45% against the U.S. dollar.
The price of Bitcoin has hit a fresh all-time high as it rose above $110,000, according to Binance platform data.
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