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Sberbank Analyst’s Editorial Explores the “Tremendous Potentiary” of a BRICS Reserve currency that fuels de-Dollarization

 

Russia’s ruble fell 16.48% against US dollar over the past month as commodity and energy prices have slowed in recent weeks. Two weeks ago, Russia’s central bank announced that it was further distancing from U.S. dollars dependence by purchasing the Chinese Yuan on foreign currency markets. The exact same amount

 

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