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The head of the Ministry of Economic Development of the Russian Federation announced a decline in confidence in the dollar as a reserve currency

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The head of the Russian Ministry of Economic Development, Maxim Reshetnikov, said at a meeting of G20 trade ministers in Milwaukee that the level of confidence in the dollar as a reserve currency is falling due to the events of the last five years, including the practice of freezing assets, which stimulates the emergence of new payment systems.

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Foreign asset freezes have increased over the past five years, raising concerns among countries about the dollar's reliability as a reserve currency.

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Brief retelling from RIA II

The level of confidence in the dollar as a reserve currency is falling, said the head of the Russian Ministry of Economic Development, Maxim Reshetnikov.

According to Reshetnikov, this was facilitated by the events of the last five years, in particular, the practice of freezing assets, which stimulated the emergence of new payment systems.

MILWAUKEE (USA), October 1 – RIA Novosti. The level of confidence in the dollar as a reserve currency is falling, the head of the Russian Ministry of Economic Development, Maxim Reshetnikov, told reporters on the sidelines of a meeting of trade ministers of the G20 countries.

In his opinion, this was facilitated by the events of the last five years, in particular, the practice of freezing assets.

“In general, they have really reduced confidence in the dollar as a reserve system,” Reshetnikov said.

This stimulated the emergence of new payment systems, the minister noted.

Open Questions

What new payment systems are emerging in response to declining confidence in the dollar?
Which countries are most actively seeking alternatives to the dollar in reserves?
How will this affect international trade and foreign exchange markets in the long term?

The head of the Ministry of Economic Development of the Russian Federation announced a decline in confidence in the dollar as a reserve currency

Quick Look

AI-generated summary

Why It Matters

Foreign asset freezes have increased over the past five years, raising concerns among countries about the dollar's reliability as a reserve currency.

Font size

Brief retelling from RIA II

The level of confidence in the dollar as a reserve currency is falling, said the head of the Russian Ministry of Economic Development, Maxim Reshetnikov.

According to Reshetnikov, this was facilitated by the events of the last five years, in particular, the practice of freezing assets, which stimulated the emergence of new payment systems.

In his opinion, this was facilitated by the events of the last five years, in particular, the practice of freezing assets.

“In general, they have really reduced confidence in the dollar as a reserve system,” Reshetnikov said.

This stimulated the emergence of new payment systems, the minister noted.

Open Questions

What new payment systems are emerging in response to declining confidence in the dollar?
Which countries are most actively seeking alternatives to the dollar in reserves?
How will this affect international trade and foreign exchange markets in the long term?

The head of the Ministry of Economic Development of the Russian Federation announced a decline in confidence in the dollar as a reserve currency

Quick Look

Why It Matters

Open Questions

Related Topics

The head of the Ministry of Economic Development of the Russian Federation announced a decline in confidence in the dollar as a reserve currency

Quick Look

Why It Matters

Open Questions

Related Topics

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