Russia and India Strengthen Financial Ties with National Currencies
- Russia and India conduct nearly 90% of direct transactions in their national currencies.
- This shift reduces reliance on the U.S. dollar in bilateral trade.
- The move is part of a global trend away from the U.S. dollar in international trade.
Russia and India have deepened their financial ties by conducting nearly 90% of their direct transactions using their national currencies, highlighting a significant shift away from the U.S. dollar in global trade practices.
Source (2.6)https://news.bitcoin.com/russia-and-india-cut-dollar-use-90-of-direct-transactions-in-national-currencies/?rand=52384
