Cbank: Economic logic must guide Russia’s turn to local currencies

MOSCOW, Oct 10 (PRIME) -- Russia should switch to transnational settlements in non-U.S. dollar currencies taking into account economic logic, Central Bank Chairwoman Elvira Nabiullina told the State Duma, parliament’s lower house, on Wednesday.

“When we talk about de-dollarization, we mean first of all that settlements on foreign trade transactions should be turned to the currencies other than the U.S. dollar. Of course, this must be done taking considering economic logic,” she said.

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