About dedollarization - 1BiTv.com

About dedollarization

Siluanov spoke about plans for dedollarization.

About dedollarization

Russia intends to reduce the share of settlements in dollars both this year and next year without any restrictions for citizens. This was stated by First Deputy Prime Minister - Minister of Finance Anton Siluanov.
According to him, the use of the ruble and other currencies that are not subject to restrictions when making payments is beneficial to enterprises. He also confirmed that it is not planned to introduce restrictions for the population on keeping savings in dollars and other currencies. It is only about facilitating settlements in the Russian currency for the supply of goods and services for enterprises.
Earlier, Siluanov said that now about a third of Russia's international payments in dollars are delayed. According to him, this problem is most relevant in the field of defense contracts.

The head of the Ministry of Finance also reported that the government intends, through tax preferences, to encourage foreign trade participants to settle in national currencies. The plan on dedollarization of the economy, which contains these and other proposals, was prepared by the Ministry of Finance, the Ministry of Economic Development and the Bank of Russia and submitted to the Cabinet of Ministers, noted Siluanov.

Source: Russian newspaper

27.12.2018 09:52:03
(Automatic translation)

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