USA is not afraid of plans for Russia and China to abandon the American dollar. This was stated by the head of the US Federal Reserve Jerome Powell, RIA Novosti reports.
Speaking in Congress, he indicated that the dollar is a world-class reserve currency, and “another that could compete with him, no and close.” The advantage of the dollar provides “Working Democratic US Institutions, Open Markets and Low Inflation.”
On June 19, the head of the analytical credit rating agency Mikhail Sukhov explained the impossibility of Russia to completely abandon the dollar in trade calculations. According to him, the full rejection of the American currency is impossible, since one of the main export goods – oil – is quoted in dollars.
Earlier, Finance Minister Anton Siluanov said that the National Welfare Fund (FNB) would completely get rid of the dollar in the next month. Instead, the share of euro and yuan will grow in the structure, and gold will appear. This statement commented on the spokesman Vladimir Putin Dmitry Sadkov, calling the dedellarization, which is conducted in Russia, a permanent process, which takes place in many countries of the world.