The dollar is currently depreciating due to a decrease in demand for it against the backdrop of anti-Russian sanctions. The corresponding statement was made by analyst Elena Mikhailova.
According to her, sanctions against Russia have led to the fact that the ruble is supported by a reduction in imports, a decrease in tourist flow and a decrease in the volume of capital movement abroad, the agency reports.Prime“.
At the same time, the importance of the dollar in the foreign exchange market has decreased, and its reputation has deteriorated, since the sanctions were illegal.
Mikhailova noted that the BRICS countries are already creating their own settlement system instead of SWIFT.
Earlier it was reported that the international reserve currency based on the basket of currencies of the BRICS countries could become a replacement for the dollar. This opinion was expressed by the head of the department of global research “Opening Investments” Mikhail Shulgin.
According to him, Russia and other BRICS participants, first of all, should reduce their dependence on the US currency in mutual trade and external debt service.
