Russian Foreign Ministry: Russia is reducing the share of the dollar in international settlements – Gazeta.Ru
December 28, 2021 04:09 am
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Dmitry Birichevsky, Director of the Department for Economic Cooperation of the Ministry of Foreign Affairs of the Russian Federation, in an interview RIA News” That Russia is working with the partition to reduce the share of the dollar in international settlements.
In its main areas of work for the financial block and the Russian Foreign Ministry – reducing the use of dollar settlements in international reserves and in external settlements, switching to capital markets alternative to the United States, providing channels for transferring financial information, increasing the share of mutual payments in national currencies with two trading parts.
“With some countries, we are already actually switching over to mutual settlements in national currencies,” noted Birichevsky.
Previously reportedthat the volume of Russian investments in US government securities fell to $ 3.720 billion. Russia has continued to cut its investments in the US national debt since 2018. In April 2018, their level fell from $ 96 billion to $ 48.7 billion, in May – to $ 14.9 billion. Japan remained the largest holder of US government securities – about 1.3 trillion. China is in second place with $ 1.07 trillion.