₽ We are witnessing a sharp imbalance in the exchange rates of the so-called collective West.
The euro collapsed to almost below the 1:1 ratio to the US dollar - the pound sterling has rushed to the same place and the Swiss franc exchange rate has been bouncing back and forth for a long time.
As some economists bitterly joke, these currencies can be safely replaced by the US dollar: they have caught up with it and it is already easier for them to become a single currency.
The rublification of all trade and investment relations between Russia and its partners is a first and very important step on the way from currency sovereignty to a new role for the ruble as a reliable alternative to other currencies, writes Kubatbek Rakhimov, Executive Director of the Applicata Center for Strategic Decisions Public Foundation, Advisor to the Prime Minister of the Kyrgyz Republic (2019-2020).
https://valdaiclub.com/a/highlights/rublefication-or-the-prospects-of-the-ruble/
#VALDAI2022 #Asia_and_Eurasia #ruble
@valdai_club
The euro collapsed to almost below the 1:1 ratio to the US dollar - the pound sterling has rushed to the same place and the Swiss franc exchange rate has been bouncing back and forth for a long time.
As some economists bitterly joke, these currencies can be safely replaced by the US dollar: they have caught up with it and it is already easier for them to become a single currency.
The rublification of all trade and investment relations between Russia and its partners is a first and very important step on the way from currency sovereignty to a new role for the ruble as a reliable alternative to other currencies, writes Kubatbek Rakhimov, Executive Director of the Applicata Center for Strategic Decisions Public Foundation, Advisor to the Prime Minister of the Kyrgyz Republic (2019-2020).
https://valdaiclub.com/a/highlights/rublefication-or-the-prospects-of-the-ruble/
#VALDAI2022 #Asia_and_Eurasia #ruble
@valdai_club
Valdai Club
Rublefication or the Prospects of the Ruble in a New Era
The rublification of all trade and investment relations between Russia and its partners is a first and very important step on the way from currency sovereignty to a new role for the ruble as a reliable alternative to other currencies, writes Kubatbek Rakhimov…