Putin's currency coup: Rubel replaces dollars in the trade with Kazakhstan!

Putin's currency coup: Rubel replaces dollars in the trade with Kazakhstan!

Moscow, Russia - Another chapter in the global currency drama: sensational revelations from Russia! Russia and its neighboring country Kazakhstan have recently announced that they can handle 80% of their trade in their own currencies-and not in US dollars! President Vladimir Putin confirmed this captivating development and underlined the intention of both nations to intensify their trade relationships.

"The problem is still partly, but we have already carried out more than 80% of all accounts in national currencies. In my view, everything should be done to strengthen our relationships," said Putin. This movement is part of the larger BRICS initiative for the DE dollarization, with which the US dollar is to be replaced by local currencies.

Russia and Kazakhstan: Common strategy for strong local currencies

This impressive development finds its scene within the community of independent states (GUS), which includes Russia and Kazakhstan - along with 10 other countries. The GUS members recently decided to handle the trade predominantly in their own currencies instead of in US dollars. "The use of national currencies is expanding in mutual payments. Their share in commercial operations among CIS participants has already achieved over 85%," emphasized Putin.

This strategy could seriously threaten the supremacy of the US dollar, as emerging economies strive to shake its role as a global reserve currency. A powerful move that could possibly change the currency picture worldwide! Step by step, the local currencies strengthen their positions on the currency markets and give the growing economies a strong boost!