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CIS countries could scrap dollar in several years - Kudrin
20:4020/11/2009
YALTA, November 20 (RIA Novosti) - CIS countries could drop the U.S.
dollar in financial settlements and start using their national
currencies within the next few years, the Russian finance minister
said on Friday.
Alexei Kudrin, who is also a Russian deputy prime minister, said the
CIS heads of government had endorsed a plan to phase out the U.S.
dollar.
He said initially national currencies, primarily the ruble, would be
used alongside the dollar.
He added that national currencies were already being used "on some
positions."
20:4020/11/2009
YALTA, November 20 (RIA Novosti) - CIS countries could drop the U.S.
dollar in financial settlements and start using their national
currencies within the next few years, the Russian finance minister
said on Friday.
Alexei Kudrin, who is also a Russian deputy prime minister, said the
CIS heads of government had endorsed a plan to phase out the U.S.
dollar.
He said initially national currencies, primarily the ruble, would be
used alongside the dollar.
He added that national currencies were already being used "on some
positions."