If Russia does without the dollar for part of its international transactions, it does not set the goal of giving up the US currency: this was explained on November 28 Vladimir Putin at the World Investment Forum in Moscow.
Serene, the Russian head of state also testified that the Russian economy had already adapted to the difficulties. For him, investors have no doubt about its stability: “Our GDP growth is 1.5%, which does not seem much, but investments in fixed capital are higher than GDP growth of 4, 1%. This means that investors are certain of the future, that they understand the policies implemented by the financial authorities in Russia. “
For Vladimir Putin, the dollar’s policy also pushes many countries to find “alternative reserve currencies” to “create payment systems independent of the dollar.”
In the same vein, Heiko Mass, German Foreign Minister since March 2018, proposed August 22 to build a financial system independent of the United States and the dollar . “It is essential that we strengthen European autonomy by establishing payment channels independent of the United States, a European Monetary Fund and an independent SWIFT payment system,” he argued.