Anatoly Aksakov, Chairman of the Russian State Duma Committee on Financial Markets, pointed out that Russia and Egypt are conducting operations in national currencies, and Moscow is negotiating with Abu Dhabi on this matter.
“We have mutual deals with Egypt in two national currencies, and we are negotiating with the UAE (on this issue),” Aksakov said in an interview with RT as part of the Newsmaker program on the sidelines of his participation in the St. Petersburg International Economic Forum.
He added that the share of the dollar in international currency trading has fallen from 70% to 60% in two years, and he expects many countries to switch to common (national) currencies due to unfair US sanctions policy.
The Russian parliamentarian also noted that 70% of Russia’s transactions with Iran are carried out in two national currencies.
Regarding the date of the launch of the digital ruble, Aksakov said: “We adopted the law on the digital ruble in the first reading, and this currency will appear in the second half of this year,” adding that “we can help Arab and friendly countries by creating digital national currencies.”
The full issue can be viewed at the link: “Russia is preparing … Islamic banking and the digital ruble.”
The forum will be held from 14 to 17 June 2023. The focus of the international event will be the main economic issues and challenges facing Russia, emerging markets and the world as a whole.
The forum is an effective platform for the exchange of views and experience between politicians, officials and representatives of the business sector from around the world. The forum is held in person, taking into account the rules of health prevention and using modern digital technologies. .
Source: RT