Russia, Iran Officially Ditch U.S. Dollar for Trade

Russia and Iran have finalized an agreement to trade in their local currencies instead of the U.S dollar.

  • Back in 2019, Putin declared that time was ripe to review the dollar’s role in trade.
  • The global de-dollarization drive has been going on for years with BRIC countries and the so-called pariah states trying to ditch the American dollar in favor of other currencies.

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