Russia’s central bank, the Bank of Russia, has revealed that over 80% of major Russian exporters’ revenues are now denominated in rubles and “friendly” currencies, marking a significant shift from Western currencies. Deputy Governor Philipp Gabuniya highlighted this transition, noting that the share of “toxic” currencies — namely the U.S. dollar and euro — dropped […]
Source: https://news.bitcoin.com/dollars-role-shrinks-as-80-of-russian-export-revenues-shift-to-non-toxic-currencies/