The Kremlin said that more and more countries looking for an alternative to the dollar

© RIA Novosti / Alexei Sharecompat in photobacteria and banknote in one U.S. dollarThe Kremlin said that more and more countries looking for an alternative to the dollar© RIA Novosti / Alexei Sharecompat the image Bank

More and more countries in Asia and Europe looking to replace the us dollar as a reserve currency, said the press Secretary of the President Dmitry Peskov in the «Moscow. The Kremlin. Putin» on TV channel «Russia 1».

He noted that the US dollar for many decades is the world’s main reserve currency.

«And suddenly the country that is the Issuer of the US dollar begins to make steps, which begin to undermine the trust in relation to that reserve currency. And more and more countries, not only in the East but also in Europe, start thinking about how to minimize dependence on the U.S. dollar. And they suddenly realize that a) this is possible b) it should be done and C) «every man for himself», it should be done soon», — said Peskov.

He considered that «it is not so easy system, which is staggered, is replaced by a new rod, <…> but the fact that started the trend of finding alternatives», visible to the naked eye.

The head of VTB Andrey Kostin in an interview to the newspaper «Izvestia» presented a plan for the abandonment of the dollar, which includes a number of areas.

The first is the rapid transition in calculations with foreign countries on export-import transactions in other currencies, including the Euro, the yuan or ruble.

The second point the head of the Bank called address translation the largest holdings in the Russian jurisdiction.

The third direction is the creation of the Russian Depository for Eurobonds.

The fourth point is to carry out the licensing of securities market participants so that they all worked by the same rules.

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