Russia

Dollar Dominance: Russia, Iran Eye Gold-Backed Stablecoin for Foreign Trade

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Russia and Iran are working together to launch a cryptocurrency backed by gold, Vedmosti reported. The stablecoin could replace the US dollar for payments if Russia legalizes crypto in crossborder trade. A “de-dollarization” trend has already begun as the greenback’s dominance makes purchases more expensive. Russia and Iran are working together to launch a cryptocurrency backed […]

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By Pegging Gold to the Ruble, Russia Has Just Wiped Out the Dollar’s Clout from the World Markets

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Russian puts the ruble on the gold standard. This move to encourage domestic gold inflows to the Russian Central Bank. How Russia has weaponized its gas trade with Europe to strengthen its currency? Russia to declare the ruble as a substitute for Gold. Trump said that Putin is a really smart leader. Well, he said

By Pegging Gold to the Ruble, Russia Has Just Wiped Out the Dollar’s Clout from the World Markets Read More »

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