The Importance of Dollar Settlements in Russia’s Economy: Experts’ Perspective

In addition, according to experts, Russia has dollar settlements for imports and exports, which will be almost impossible to refuse.

Russia cannot take the dollar out of the economy, it is her blood. Even if we do not publish courses, we impose a ban on the word “dollar”, nothing will change, – Konstantin Selyanin is sure. – Russia is seriously dependent on imports, 40% in the basket of any Russian is imported goods. You may not even understand, not know that the dollar exists at all, but you will be attached to it. All over the world, all goods are one way or another denominated in dollars, even friendly countries are tied to it. Russia cannot expel hard currency because it is the blood of the economy.

Candidate of Economic Sciences Nikolai Kulbaka, in a conversation with Moskovskaya Gazeta, noted that the idea of ‚Äč‚Äčabandoning the dollar and the euro is detrimental to the Russian economy and is purely political in nature.

2023-08-15 01:00:45
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