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Author Topic: De-Dollarisation.  (Read 29534 times)

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Online Tom Cat

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Re: De-Dollarisation.
« Reply #705 on: September 24, 2017, 12:43:21 PM »
Don't shoot the messenger, links to articles posted, don't necessarily reflect my personal opinion.

Online msmoby

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Re: De-Dollarisation.
« Reply #706 on: September 25, 2017, 01:22:01 AM »
Putin Orders End To Trade In US Dollars At Russian Seaports

https://www.globalresearch.ca/putin-orders-end-to-trade-in-us-dollars-at-russian-seaports/5610248

Yet Dollars and Euros remain the currency of choice re under the bed money..


We are selling the Toyota Rav 4 and the buyer wants to buy in Dollars ....   

We are buying another apartment and the seller wants paid some 'under the table money' in Dollars...

Both were informed that this was Russia and we would deal electronically -in the national currency

This declaration is a bit of a joke given that the Rouble is not exactly an international trading currency - will surely promote business....NOT



Online andrewfi

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Re: De-Dollarisation.
« Reply #707 on: September 25, 2017, 04:07:48 AM »
While Russia is, officially, against the use of crypto currencies by its citizens those same citizens are pretty damn active in production, marketing and use of crypto. The government is seriously investigating the use of crypto and is likely to support crypto currency use in trade.

So what?

Well, the main benefit of a reserve currency is that it is liquid and able to be used as an intermediary currency between any other currency pairs in global trade.

Crypto currencies offer the same benefits and enable state owned and controlled currencies to be ditched.

I think that we are likely to see the use of state backed crypto currencies in the near future as a means to insulate against the current weaponization of the dollar. (read Trump's UN speech the other day to understand the import of this!)

On that note, it is interesting to see how countries such as Indonesia and Ukraine are saying that cryptocurrencies are not actually money while at the same time doing nothing to stop their use. Of course, states wish to retain the monopoly over money creation, it is central to their ability to maintain power over citizens but at the same time for producers of weak currencies crypto is a very handy tool to have available.

Bitcoin and others are, and will continue to be, tools of de dollarisation.
"For what else is the life of man but a kind of play in which men in various costumes perform until the director motions them offstage?" -Erasmus


Online rosco

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Re: De-Dollarisation.
« Reply #708 on: September 25, 2017, 06:46:17 AM »
Putin Orders End To Trade In US Dollars At Russian Seaports

https://www.globalresearch.ca/putin-orders-end-to-trade-in-us-dollars-at-russian-seaports/5610248

Yet Dollars and Euros remain the currency of choice re under the bed money..


We are selling the Toyota Rav 4 and the buyer wants to buy in Dollars ....   

We are buying another apartment and the seller wants paid some 'under the table money' in Dollars...

Both were informed that this was Russia and we would deal electronically -in the national currency

This declaration is a bit of a joke given that the Rouble is not exactly an international trading currency - will surely promote business....NOT

I think you're getting a bit confused here Moby?

Tom Cat has posted about a government directive, you're talking about end consumers. Not the same thing.

The little man wants to deal in a stable currency because every penny counts, the government wants to increase the stability of the national currency which requires growth & increased useage.

Again you're being disruptive for the sake of it or perhaps I'm overestimating you.

Online andrewfi

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Re: De-Dollarisation.
« Reply #709 on: September 25, 2017, 10:31:00 AM »
What moby probably does not know is that it is illegal for transactions within Russia to be made in any currency other than the ruble.

All that is happening is that people who are making such transactions are being put on notice that they can no longer expect to do so.

There will be some side benefits accruing to the country but there is no reason to expect the state or government to put up with payments made in something other than rubles. This is, in part, I am sure, why the government does not want Russians buying and using cryptocurrencies. That noted, I am also sure that the Russian state would prefer to see people using Bitcoin or Ethereum in preference to dollars, especially given the trackability of crypto.
"For what else is the life of man but a kind of play in which men in various costumes perform until the director motions them offstage?" -Erasmus

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To coexist with communism on the same planet is impossible. Either it will spread, cancer-like, to destroy mankind, or else mankind will have to rid itself of communism (and even then face lengthy treatment for secondary tumors).
Aleksandr Solzhenitsyn

Offline Confederate

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To coexist with communism on the same planet is impossible. Either it will spread, cancer-like, to destroy mankind, or else mankind will have to rid itself of communism (and even then face lengthy treatment for secondary tumors).
Aleksandr Solzhenitsyn

Offline Poldark

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Re: De-Dollarisation.
« Reply #712 on: September 27, 2017, 03:36:20 PM »
Both were informed that this was Russia and we would deal electronically -in the national currency
Yes but it's Russia so you pay in $ or € anyway or at least that is what I have learned although I'm not buying a car, a house or anything else of value in Russia.

Online msmoby

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Re: De-Dollarisation.
« Reply #713 on: August 17, 2018, 01:29:33 AM »
Hmm

Always thought this 'de-dollarisation' was a pipe-dream ...  Seems like 'Trampu' is recruiting officer for BRICS !

Turkey could join ...

Online AvHdB

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Re: De-Dollarisation.
« Reply #714 on: August 17, 2018, 12:22:36 PM »
Hmm

Always thought this 'de-dollarisation' was a pipe-dream ...  Seems like 'Trampu' is recruiting officer for BRICS !

Turkey could join ...

 :laugh:

The Turkish currency is now stable and there is an 'attempt' at controlling the inflation. Albeit just announced. Leslie should be able to give better insight than others here.
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Online Wiz

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Re: De-Dollarisation.
« Reply #715 on: August 17, 2018, 03:26:35 PM »
Just checked prices:

USG v Ruble gone up to 66.99

Euro v Ruble is stabilised at 76.63

£ v Ruble stabilised at  85.46

Turkish Lira stabilised and Ertogan is not worried about the American actions against his economy. His banks are clearing all money for oil Iran sales and I read that the American Incirlik Air Base. is moving to Greece.

A week ago the US Defence Minister has met with the Turkish FM and handed him a list of 17 foreign nationals held in Turkey to be released, between them 2 Greek officers that Turkey kidnapped on the NE frontiers and were in prison for 167 days, but the American Pastor held at house arrest for the past 2 years was not released. 

Ertogan appears to be very strong at the moment because the past 3 years he cleared all the Army leaders, who in the past were running the country and put them in prison, so the Americans don't have much access in the army.

There is a rumour on Turkish papers that Turkey is moving to Join the BRICS. Russia is building on the south of Turkey a large Atomic energy station, so Putin is also gaining as the South (Turkish) Stream pile line is in progress towards the European part of Turkey and through Greece to supply Italy and other EU countries with Gas.

That is the latest info ... i just read in the Greek papers.
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Online msmoby

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Re: De-Dollarisation.
« Reply #716 on: August 18, 2018, 01:59:15 AM »
What moby probably does not know is that it is illegal for transactions within Russia to be made in any currency other than the ruble.

Andrewfi :  Please tell us why it isn't illegal to have a Paypal account registered in Russia and what currency it uses ? 

Rosco: IF you took the time to read, you'd GET that what the govt. is trying to do and what is actually happening on the ground - are two different things. Euros Dollars and Pounds are preferred currency for under the bed money


Online andrewfi

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Re: De-Dollarisation.
« Reply #717 on: August 19, 2018, 09:32:03 AM »
Somebody is bored today. moby, go do the learning for yourself. Pop down to the library and get a book.
"For what else is the life of man but a kind of play in which men in various costumes perform until the director motions them offstage?" -Erasmus

Online msmoby

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Re: De-Dollarisation.
« Reply #718 on: August 19, 2018, 01:58:56 PM »
Somebody is bored today. moby, go do the learning for yourself. Pop down to the library and get a book.

Correction : You posted bollox ... 

As those of us with loved ones in Russia know - Paypal accounts are permitted and they are in .... USD    I know Russians who pay other Russians in USD and LEGALLY draw down to Rouble accounts and declare from whence the money originated

Why DO you feel to post crap about living in a nation you don't visit enough to know about ?



Online Markje

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Re: De-Dollarisation.
« Reply #719 on: August 20, 2018, 01:02:33 AM »
Somebody is bored today. moby, go do the learning for yourself. Pop down to the library and get a book.

Correction : You posted bollox ... 

As those of us with loved ones in Russia know - Paypal accounts are permitted and they are in .... USD    I know Russians who pay other Russians in USD and LEGALLY draw down to Rouble accounts and declare from whence the money originated

Why DO you feel to post crap about living in a nation you don't visit enough to know about ?

Why do you post crap you know nothing about. Paypal is not internal to russia. Hence the declaring & converting. Shheeesh grow up man
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