Siluanov: dollar becomes unreliable means for international payments

The US dollar is becoming an increasingly unreliable tool for settlements in trade with foreign partners, reports TASS Statement by the Head of the Ministry of Finance of the Russian Federation, First Deputy Prime Minister Anton Siluanov.

In particular, the Minister did not rule out the transition to the national currencies of the parties involved in the sale and purchase of oil.

In addition, Russia has significantly reduced the investment of its reserves in US securities. In essence, the dollar, considered to be the world currency, is becoming a risky instrument for settlements, Siluanov said.

When asked about the fate of US companies operating in Russia, he replied that the government is not planning to close them yet.

The authorities of the Russian Federation do not plan any restrictions or closings, because Russians are working in all these companies, take at least the same McDonald's, said the Deputy Prime Minister.

Earlier, the Minister of Energy of the Russian Federation Alexander Novak reported that the government is considering the issue of settlements for oil in national currencies, including with Iran and Turkey.

At the same time, Vladimir Putin at the end of July, following the results of the BRICS summit, noted that Moscow is not abandoning the US dollar as a universal currency, but lately Russia, like other countries, has had more and more problems in using this unit of account.

Comments

[maxim947]

In particular, the Minister did not rule out the transition to the national currencies of the parties involved in the sale and purchase of oil.

It's time, how much you can talk about it. True, in this situation it is extremely difficult to do, because nat. currencies are constantly jumping back and forth, because say the large volatility of most currencies and as a result there will be a constant gimbal at prices. It is necessary to create a bloc from 5-10 countries, with the mandatory participation of China, to develop a tool that suits everyone (method) for determining national exchange rates and beyond. Problems and disputes will still be, but anyway, it is necessary to start anyway.

[Looking Petrovich]

Quote: maxim947

In particular, the Minister did not rule out the transition to the national currencies of the parties involved in the sale and purchase of oil.

It's time, how much you can talk about it.

Well, well.
In the meantime, Russian investors have doubled their investments in US dollars. This is evidenced by the data for the first half of 2018. In parallel, there is a refusal to store capital in rubles. So, investments in Russian currency for the second quarter fell by 34%.
https://www.vestifinance.ru/articles/104921

[cariperpaint]

What's so unusual? The reaction is quite ordinary. This is not related to the topic at all.

[Shurik70]

Quote: maxim947

In particular, the Minister did not rule out the transition to the national currencies of the parties involved in the sale and purchase of oil.

It's time

It's time for a long time ... But, damn it, I only now understood the reason for Russia's weak protests against a bunch of sanctions under far-fetched pretexts. By imposing sanctions on Russia, the United States has deprived itself of its leverage, and now the dollar can be abandoned. Slowly, of course, "shock therapy" will bring down any economy. And just then the BRICS was created long ago, so that the connections would be established, and long enough for the inhabitants to have doubts about its need. It's time for spectacular moves, showing its need!
I take off my hat to the one who invented it.

[maxim947]

And what did you mean by that? This is natural, the ruble is falling and as a result it is being dumped. And the ruble will have constantly, with the existing global financial system ...

[Alekseev]

Quote: maxim947

And the ruble will have constantly, with the existing global financial system ...

That's right!
That the ruble fell as a result of the fact that its security decreased, including oil, etc.?
No, there is an increased demand for currency among those who want to transfer their capital abroad and "live in peace", otherwise in Russia their sanctions will jam.
And the United States has the ability to limit in every way the use of its currency to Russian and any other companies.
So, you need to refuse to use such a currency, as if it were not convenient.
It is possible. Sale of exports for rubles, the use of nat. currencies.
Want to buy oil or a nuclear power plant, or T-90SM? For euros, for goods, for services or other decent money, please buy rubles at the Central Bank or an authorized bank. Inconveniently, margin for exchange is high? Make it comfortable and a margin of 0,001%.
The population in the Russian Federation is already quite unaccustomed to the dollar, there is no psychosis, real estate (I do not take into account the elite in Moscow, which is acquired for speculation), for example, has fallen somewhat, although there are sanctions. For long-term storage of money you need to make deposits for the population in gold equivalent.
Do people want to relax in Turkey? Organize the exchange of rubles for lira, the mutual exchange of goods with the Turks, this allows.
That is, there are options, but it is more complicated and disadvantageous for many. It’s easier in the same tourist industry to collect rubles from customers, buy dollars, albeit at an inflated price, and dump them west with them, throwing tourists to their fate.
In other words, pressure on the ruble is created by those who want to blame the capital they have extracted in Russia for the coveted west. And this is beneficial and natural when the Russian Federation tied its currency to the Western monetary system. Yes, the benefits of foreign investment are not clear. There is probably more harm from portfolio ones, especially when loans in the West do not give free will, direct, not always, but often do not resemble the development of domestic industry, but the fee for penetrating the Russian market.
So we have come to the point where, instead of liberal hugs from abroad, we need reasonably close the country, mainly in the financial and economic sense. the organization of open space from Lisbon to Vladivostok turned out to be an illusion, this must be honestly admitted.

[Bad_santa]

The law on increasing VAT will come into force from the new year. Prices, as usual, will jump on everything, even on goods without VAT. Plus, you need to take into account that the ruble can only fall stably, so it is really more profitable to store money in dollars

[Thrall]

Speaking about the unreliability of the dollar, Siluanov forgot to explain what its unreliability is.

[poquello]

Quote: Thrall

Speaking about the unreliability of the dollar, Siluanov forgot to explain what its unreliability is.

Do you need to explain this? A country changing the rules of the game thereby guarantees the unreliability of its assets.

[rocket757]

Those. the national financial and political elite is not ours at all!
Is this manifested today?

[spirit]

So it’s for the electorate) The state is buying up the dollar at a crazy pace, at the same time printing more and more rubles, thereby depreciating the currency, just to plug holes. I bet the dollar will exceed 75-80 in February

[Vita vko]

Quote: maxim947

True, in this situation it is extremely difficult to do, because nat. currencies are constantly jumping back and forth,

exchange rates because they jump because the state ensures the solvency of foreign currency with its goods and resources. If Russia entered into international contracts in rubles, then the demand for Russian currency would increase tenfold, and accordingly, the ruble exchange rate against the currencies of other countries would increase as well.

[olegfbi]

Not so simple.
In addition to the ruble exchange rate, there are also such concepts as purchasing power, filling the budget of the country and the overall BALANCE of the economy.

[demo]

What is the balance of the economy?
If the number of banknotes of a sovereign country (Russia) must correspond to the presence of a certain number of banknotes of another sovereign country (USA). Translated at the exchange rate.
And the "extra" money (USA) should, according to the great economists (Kudrin), be withdrawn from Russia in order to reduce inflation.
Why should a dead economy care about inflation?
"Did the patient sweat before his death?
Yes, I sweated.
It's good".
So as you said - Not so simple.

[poquello]

Quote: Vita VKO

If Russia entered into international contracts in rubles, then the demand for Russian currency would increase tenfold, and accordingly, the ruble exchange rate against the currencies of other countries would increase as well.

Well, not directly proportional, but still yes

[Aaron Zawi]

In connection with the extremely opposite economic interests of countries that could create such a coalition, this is doubtful.

[olegfbi]

It's time, how much you can talk about it. True, in this situation it is extremely difficult to do.

Everything here is more than not easy!
Commercial companies in China, in general, are not opposed to settlements in the renminbi, but the price tag rises by an average of 5%. This means that in Russia the rise in price of Chinese goods will be 10-15%, duties, VAT, etc. will be imposed.
And yes, nat. currencies are jumping ... But who said that the vaunted dollar does not jump? It's just that everyone compares currencies with the dollar, and who tried to compare by other parameters? For example, in terms of purchasing power in a given state? And if you try to compare the dollar with the prices of gold or the well-known "Big Mac index"?
This is all so, comments. One thing is obvious - It is vital to refuse international payments in dollars! It should be remembered that the consequence of failure will be a very difficult transition period / crisis ...

[GibSoN]

It should be remembered that the consequence of failure will be a very difficult transition period / crisis ...

Well, negotiate! Which can not only not end, but in general lead to the full .. Since this is just one of the theories and nothing more!

[ancestors from Don]

If they talked like that, then they have a plan to drive green underground, setting their own hard exchange rates. It was already passed and even the execution article did not stop. All these are half measures, for a start, the entire government of Medvedev resigned !!! Return all funds withdrawn abroad, and while you are dreaming there, the Americans will actually close the shop by placing their paw on the currency accounts.

[GibSoN]

with mandatory participation of China

Is it weak without China? Or you can’t imagine what this will lead to, or you really don’t care under whom, if only not under the USA?

[Horst78]

Quote: maxim947

It is necessary to create a block from 5-10 countries, with the mandatory participation of China, to develop a tool that suits everyone (method) for determining national exchange rates

It’s quite reasonable. Tomorrow I will report to Siluanov at your suggestion

[PFT]

The contract was signed for 1-6 months, where the price is indicated and download do not download, but pay what is written in the contract.

[Sergey39]

Until the thunder strikes, wait until the roasted cock pecks

[rocket757]

For these, thunder will not strike, they have "golden parachutes" ... but they will not look at our troubles from the high bell tower .... at least they will not look!
For us, a cock, thunder crowed, struck for a long time and without interruption. It is stretched in time, therefore it is not so obvious.

[Dietmar]

Close McDonald's is petty and unworthy of Russia. I am sure they will find such an answer that SHSHA will hiccup many times. Let not immediately and not mirrored. Let us recall the expulsion of more than 700 embassy employees at once, or the reaction to the arrest of "Nord".

[Aaron Zawi]

And what did the USA lose from expelling these diplomats?

[Professor]

American dollar is getting more unreliable a tool for settlements in trade with foreign partners, reports TASS a statement by the head of the Ministry of Finance of the Russian Federation, First Deputy Prime Minister Anton Siluanov.

Right Another thing is the Turkish lira, which has lost in price more than a dozen percent for only 2 days or the Iranian real sank more than two since May. What about the Venezuelan currency? The ruble is generally the hardest currency in the world. In short, the collapse of the dollar is inevitable.

Earlier, the Minister of Energy of the Russian Federation Alexander Novak reported that the government is considering the issue of settlements for oil in national currencies, including with Iran and Turkey.

The main thing here is not to rush to pay them, as their national currency, if I may say so, loses 10% per day.
Siluanov is a genius.

[Golovan Jack]

Quote: professor

Professor

Oleg, I don’t understand what you got so drunk with?

Minister did not rule out the transition to national currencies of parties involved in the sale of oil

The transition to settlements in national currencies is a good thing (for the Russian Federation. Not for the USA), it is already practiced (and with China, for example), now the process will go faster.
Why scream something like that? I do not understand

[Professor]

Quote: Golovan Jack

Oleg, I don’t understand what you got so drunk with?

It was a shame for our government, which did not think of buying say, oil from Venezuela in their national currency. agree on the price and payment upon delivery. As long as the tanker reaches Haifa, the price of their oil will fall 3 times.

Quote: Golovan Jack

The transition to settlements in national currencies is a good thing (for the Russian Federation. Not for the USA), it is already practiced (and with China, for example), now the process will go faster.
Why scream something like that? I do not understand

Or such an option. You sell Venezuela airplanes at X Bolivars. While the planes are built and delivered, you will receive a payment in the amount by which you can buy a bicycle. The main thing is to punish the Americans True?

Quote: stalkerwalker

And mutual settlement in national currencies is carried out directly, with preliminary binding to other stable world currencies - the euro or the renminbi. Shekel is not in this list. And it is not expected ....

It always has been. Dollars between the Islamic State of Iran and Russia did not carry suitcases. Now, you are proposing to actually get rid of the dollar (euro, shekel ...) and directly count. Ingenious.

[Golovan Jack]

Quote: professor

It was a shame for our government, which did not think of buying say, oil from Venezuela in their national currency ...

So what's up? Offer it to your government ...

Quote: professor

Or such an option. You sell Venezuela airplanes at X Bolivars. While the planes are built and delivered, you will receive a payment in the amount by which you can buy a bicycle ...

What for? Barter has not been canceled, I think they will find what to change with Venezuela (in addition to palm oil, GYYY).
This is in addition to the fact that so far no aircraft are sold to Venezuela by the Russian Federation

Quote: professor

The main thing is to punish the Americans True?

Nah ... They, on a campaign, punish themselves.

Quote: professor

you suggest actually getting rid of the dollar (euro, shekel ...)

Tolsto, Oleg. Nobody is going, as far as I understand, to "get rid of" the euro, for example. And your shekel is not yet a reserve currency, so no one is attached to it

[Professor]

Quote: Golovan Jack

So what's up? Offer it to your government ...

Useless. They are graduates of Harvard and Stanford. They will not understand.

Quote: Golovan Jack

What for? Barter has not been canceled, I think they will find what to change with Venezuela (in addition to palm oil, GYYY).
This is in addition to the fact that so far no aircraft are sold to Venezuela by the Russian Federation

Well yes. Barter is cool. I remember how sugar from Cuba killed the Soviet production of sugar beets. What will you take from Venezuela?
https://lenta.ru/news/2006/07/21/supply/
Russia has signed a contract for the supply of Venezuelan 30 combat aircraft Su-30 and 30 helicopters, said Russian Minister of Defense Sergei Ivanov. The amount of the contract amounted to 1 billion dollars, RIA Novosti reported.

Quote: Golovan Jack

Quote: professor
The main thing is to punish the Americans True?
Nah ... They, on a campaign, punish themselves.

Cheese caterpillars crush?

Quote: Golovan Jack

Tolsto, Oleg. Nobody is going, as far as I understand, to "get rid of" the euro, for example. And your shekel is not yet a reserve currency, so no one is attached to it

So in national currency or in Euro? You finally decide. By the way, shekel is hard currency.

[Golovan Jack]

Quote: professor

By the way shekel is hard currency

Tolsto, Oleg ...

Quote: Golovan Jack

... shekel is not a reserve currency yet, so no one is attached to it

Quote: professor

So in national currency or in Euro? You finally decide

And what should I be "determined"? I live in rubles

Quote: professor

Russia signed a contract for the supply of 30 Su-30 combat aircraft and 30 helicopters to Venezuela

That was 12 years ago. All this has already been delivered, and, I think, and paid.
Very thick, Oleg

Quote: professor

They are graduates of Harvard and Stanford

Duc, this ... change your government to the right one. You have to do it there - how to send two bytes, no?

[Town Hall]

Quote: Golovan Jack

Quote: professor
Russia signed a contract for the supply of 30 Su-30 combat aircraft and 30 helicopters to Venezuela
That was 12 years ago. All this has already been delivered, and, I think, and paid.
Very thick, Oleg

Of course paid ... according to the good old scheme ...


Three times (in 2009, 2012 and 2014), Venezuela allocated large loans for the purchase of weapons in the Russian Federation. In 2009, the loan amounted to $ 2,2 billion [13], in 2012 - $ 2 billion, in 2014 - also $ 2 billion at 7,4% per annum.


Tell me how things are going with the repayment of loans or guess yourself

[Golovan Jack]

Quote: Town Hall

Town Hall

Well I said, clearly, it seems: I don’t feed today. Come back tomorrow ... or later.

It's cool, by the way, how one trollik harnesses to another

Town Hall, Professoroh, at least it’s clear where he came from. And you - whose will you be?

[Town Hall]

Drain counted

[Golovan Jack]

Quote: Town Hall

Town Hall

[saturn.mmm]

Quote: Town Hall

$ 2 billion at 7,4% per annum

Very good annual 7,4%, you can wait.

[Professor]

Quote: Golovan Jack

Quote: professor
By the way, shekel is hard currency
Tolsto, Oleg ...

Quote: Golovan Jack
... the shekel is not yet a reserve currency, so no one is attached to it

So it’s not about accumulation (reservation), but about conversion. Count everything on the shekels.

Quote: Golovan Jack

And what should I be "determined"? I live in rubles

My condolences.

Quote: Golovan Jack

That was 12 years ago. All this has already been delivered, and, I think, and paid.
Very thick, Oleg

Delivered yes, paid no. But now when all the settlements are in national currency, they will quickly repay your debt.

Quote: Golovan Jack

Duc, this ... change your government to the right one. You have to do it there - how to send two bytes, no?

Change. Soon the elections will be and send them for a well-deserved rest.

[saturn.mmm]

Quote: professor

My condolences.

So no one has died from this yet.
Siluanov spoke of convertible currencies + Russian ruble (shekel in deed).

Quote: professor

Another thing is the Turkish lira, which lost in price more than a dozen percent in just 2 days or the Iranian real sank more than two since May.

The insecurity of the dollar is not in the know but in US policy (freezing payments)

[Mordvin 3]

Quote: Golovan Jack

I live in rubles

And I wonder if Siluanov has bucks. I then drank the last ones in the 98.

[Alekseev]

Quote: Golovan Jack

Tolsto, Oleg. No one's gonna

Thick, that's for sure.
Indeed, even those especially advanced in the opposite direction, and not just the professors of this matter, understand that the question is not about refusing to receive hard currencies in favor of the Venezuelan or even Israeli.
The organization of an alternative system of mutual payments is required in which they would not be tied to settlements through American banks, i.e. to the dollar.
Such systems were, for example, transferable rubles tied to gold.
Another thing is that in order to squeeze the dollar in Russia's foreign trade with other countries, it is necessary to reasonably close the country.
Those. currency regulation and other measures .. It’s probably not necessary to introduce a foreign trade monopoly, but currency transactions are only for paying foreign trade, and not for speculation and accumulation. On horseradish, we need a rating (index) of the stock exchange, if loans in foreign currency still do not give, and the influence of speculators fuss on the ruble exchange rate?
Exchanges should be left predominantly, only commodity ones, to trade shares only for a special situation, for example, only for direct investors.
As for the use of national currencies, for short-term transactions, many of them may well be used at the exchange rate not pegged to the dollar, but to a basket of basic goods that are being exchanged.
This is more complicated, more inconvenient than pegging to the dollar, but ... better than depending on the "rewards" of such a holder of the world currency.

[saturn.mmm]

Quote: professor

Siluanov is a genius.

How Israel worries about Russia.

[XXXIII]

Quote: saturn.mmm

How Israel worries about Russia.

Head the fifth column in the Russian Federation, it’s obvious

[stalkerwalker]

Quote: professor

Siluanov is a genius.

The point is not Siluanov, but in the country - the issuer of national currency, the calculations in which are made. As a result, banks operating in this area are under the control of the issuing country.
More accessible - in the context of the announced sanctions, all accounts through which invoices for payment in "evergreens" pass through, can be slammed in the blink of an eye.

And mutual settlement in national currencies is carried out directly, with preliminary binding to other stable world currencies - the euro or the renminbi. Shekel is not in this list. And it is not expected ....

[cariperpaint]

You don’t understand that it’s not a matter of exchange rates?

[Monster_Fat]

Of course, "genius" .... And then someone. If the "rogue" countries have become dumb to pay with the "dollar" (suddenly, the Americans will block the transaction), then let them try to pay with the "oak" - "with growing attractiveness" - the ruble ...

[Vadim237]

We will switch from dollars to euros.

[Antares]

Quote: professor

The main thing here is not to rush to pay them, as their national currency, if I may say so, loses 10% per day.
Siluanov is a genius

If he tells the truth, panic or excitement due to the instability of the ruble may begin. The purchase of currency by the population will go - it will boost the exchange rate and a vicious circle will begin.
Therefore, the lie of power is a tool for manipulating consciousness. You can recall a lot of words before the collapse of the currency (about reliability and stability and blah blah blah) But the main thing for the authorities is to prevent a closed cycle.
And here all means are good. And matras "collapse of the West / dollar" and "support for China" and settlements in the national currency (with their instability, of course, that is still a lie, but who is checking there). Sometimes it comes to the words that everything is fine, on the eve of 2-fold landslides.
I hope conscious citizens understand what is the calculation in national currency between 2-3 countries?
It must be added that it is small (with Iran and Turkey) and the EU and China will not agree. Yes, and this will not be in Russia's favor.
Is it possible that the Russian Federation suddenly needed so much currency? Or do national corporations need to distribute debts in foreign currency?

[rocket757]

А Professor (Oleg Sokolov) Today, 15: 22 genius .... it seems or not, an encrypted amateur. Just like ours from the government, especially from the financial bloc.
There is nothing more obvious than just obvious.
Our financiers, politicians, the ruling elite are simply obvious minions of the West .... at the same time they are quite effective, for that they are praised there!
For many of us, this is all quite obvious, and the rest of the pro-professorship tips are not interested in the word at all ....
Change in the financial policy of the state, not only the rejection of some kind of risky monetary unit, this is a whole range of measures .... everything has long been known, i.e. obvious to sane people.

[spectr]

Not minions, just disciples, while the bulk are mediocre. They know how to integrate into the existing Western system (they were taught this), and they don’t know how to work with others.

[rocket757]

How they were taught and how they praise them from beyond the hillock, everything is obvious.
The only misfortune is that the real owners of the country, realizing all this perfectly, allow these to steer!
We, who have been talking about this for a long time, as if understanding everything, are not making an elementary logical choice .... no matter what happens, perhaps this is sitting on a subconscious level in our person?

[Ivan_nick]

And why do you think that the calculations will be in lira or real? A country can sell in its currency, in rubles, for example ...

[Sergey Averchenkov]

Let's just, mundane ... In order for them to believe in money, they must be reinforced concrete ... reinforcing ... even to their own detriment. Is it so with the dollar? Either Iran, or some other crap ... Is there a belief that I am an opponent of the United States can hope for reinforced concrete? No. That's it.

[AID.S]

calculations

Quote: professor

Siluanov is a genius.

Siluanov: the dollar is becoming an unreliable means for international payments.

Uv.Professor, it’s understandable that the dollar is becoming unreliable specifically for Russia and it’s quite clear that it means settlements between specific states with their specific currencies, and they depend on the volume of mutual trade, that is, with equal trade, barter is possible without conducting dollar settlements through swifts, and at the same time, you can be guided, as a standard, by any stable currency, even the dollar.

[PFT]

Sores in 2 days, the pound fell 20%, and the ruble fell 100% in 1 day and that everyone is alive. And life goes on.

[Mariyab]

the dollar is becoming unreliable

“Sarah, did you hear that the dollar is falling?”
- Abram, the schaub was standing like you fall ....

[samarin1969]

Now Kolokoltsev will speak and say that dollars are the main currency of organized crime groups, then Onishchenko will find Koch's wand in the "green presidents".
Since the 90s, the population has been taught to pray for the currency of "partners", and now - "a new change of milestones."
Long live the return to "OBKhSS" and the article for currency speculation.

[faiver]

in my opinion the problem is not in the dollar, but in our valiant government, which is not able to analyze and predict the situation in the economy ...

[ANCIENT]

Beautiful words, and no specific actions! How much can you shout about switching to national currencies and pray for a dollar ??? Himself not funny from promises that are not nearly fulfilled by the authorities themselves ??? Promiseshalkin promises, promises to promise ?????????

[parusnik]

Sergey Vitalyevich, why are you so fed up ... Promisechkin .. Sunset adjustment do not remember? About the conversion of the ruble and its entry into the international currency market, as one of the currencies, even then they spoke and most importantly who, and those who are in power and the deceased today ... How many years have passed since then ... About a year or two ago, it was decided that port charges in Russian ports are charged in rubles, not in cu (dollars), the cost of services in rubles is solid, the ruble exchange rate is falling .., and revenues in terms of dollars are reduced .. And in this regard, they began to carry out optimization of FSUEs, State Unitary Enterprises engaged in this activity, as well as their corporatization 50x50 XNUMX ... Now, back to Siluanov’s proposal, the lira, reals, like the ruble, are closely tied to the dollar and depend on its exchange rate and what will it be? .. Somehow we will artificially maintain the exchange rate of our own and other’s currencies, only for oil we’ll pay in this way, but for the rest, like .. Today, the dollar exchange rate is one, tomorrow it has decreased and that .. There are of course solutions to get out of this situation, I don’t invest in the commentary .. But it will be, a big spit in the Main the bourgeois, and you yourself understand, the younger bourgeois, especially I will not spit on the Chief ut ...

[parusnik]

The US dollar is becoming an increasingly unreliable instrument for settlements in trade with foreign partners, reports TASS statement of the head of the Ministry of Finance of the Russian Federation, First Deputy Prime Minister Anton Siluanov.

......... "- We held out and struck from the flank. I led a detachment of dragoons through the bog, but my horse stumbled and we began to sink. Green filthy goo was approaching the very chin. The situation was desperate. I had to choose one of two: perish or be saved. ”“ And what did you choose? ”“ I decided to be saved! ”said Munchausen. There was a general sigh of relief.“ But how? No rope! Not a pole! Nothing! And then it dawned on me. ”Munchausen clapped his hand. on the forehead. "Head! The head is always at hand, gentlemen! I grabbed myself by the hair and pulled with all my strength. My hand, thank God, is strong, my head, thank God, is thinking ... In a word, I jerked so that pulled himself out of the swamp along with his horse. ”“ Are you… claiming that a man can lift himself by the hair? ”“ Of course, a thinking person is simply obliged to do this from time to time. ”“ Nonsense! ”“ It's impossible! What proof do you have? ” I’m alive, isn’t that enough? If I hadn’t lifted myself by the hair, how would I have gotten out swamps? The argument seemed convincing. "... From the beginning we drove ourselves into the swamp ... to the very chin ... And Siluanov's head is always at hand ... Anything can be ...

[Irek]

Even the liberal liberal Siluanov agrees with this.

[Stavros]

So will Turks pay in dollars for S-400, or with their own waste paper?

[Monster_Fat]

I read and "whinnied". Siluanov -........ If it became scary for him to pay with "dollar", then let him go and pay with "oak" rubles, to someone, ..... even in Africa, I'll see what he is, there say .......

[Bakht]

You can laugh .... But to a certain limit. In the world economy, the national economy, and even on the collective farm market, there are always two individuals. One sells, the other buys. I have tomatoes (gas), you have rubles (dollars). What happens if you disconnect one side? What happens if you can’t trade for dollars (and doesn’t accept another currency in the bazaar)? The United States will have dollars, and Russia will have gas. Of course this is bad. But to whom?
The volume of trade in the RF-USA is insignificant. If the EU is not able to pay for the supply of gas, wood, metal, then they will not receive gas, wood, metal.
Trump has solved the problem of the cost of his products.
So if in Africa they do not want to accept the ruble, they will not receive galoshes. "Here is such a squiggle, you know"
No, still Trump will have to give the Hero of Russia. Even if posthumously ...

[Yjt]

You were not the only one who "laughed"! Such nonsense is not often found, but also from the mouth of the Minister of Finance of the Russian Federation.

[milling machine]

I am changing a reliable, strong and stable ruble to an unreliable American dollar, in a ratio of 1 to 1 you can 1k2.
Write in a personal

[Bakht]

Another thing is interesting. When discussing national currencies, everyone for some reason forgets that they are also pegged to the dollar. What is Currency Volatility? These are her jumps in relation to DOLLAR.
The panic of Medvedev, Siluanov and others is not related to the ruble exchange rate or the state of the economy. Money is earned in the Russian Federation in rubles, converted into dollars and transferred to the West through banks. Bank sanctions cut off this channel for capital withdrawal. Not to carry them in suitcases? And where to get so many "live" dollars? This is where the tragedy lies. Where there is Shakespeare .... Here Dimon and yelled about "economic war". For some reason he had not seen this war before.
Thanks to Comrade Trump. It seems that with his one decision he cancels the convertibility of the ruble. What should have been done in the Government for a long time. If the ruble is not convertible, then it will not work to export capital from the country. Trump Hero of Russia definitely !!!!!

[Monster_Fat]

While in the Russian government there will be such experts as Siluanov, the United States can sleep peacefully ...

[Bad_santa]

I think countries that want to increase gas purchases in Russia or those who want to buy it from us should be obliged to buy these volumes for rubles. Not for tugriks, lyre and candy wrappers. And to sell this volume of gas at a fixed price in rubles (without reference to the dollar and subsequent conversion to the ruble). Because it’s complete idiocy to sell gas to someone and charge in his own currency! Only our hollowers in the government and the Duma could think of such a thing.

[andron-30]

our government behaves like a kid of abominations and all my jam and you will eat if there is enough jam until the future picking berries

[andron-30]

lie down in a coffin, dear pensions we can not see

[Giants]

In fact, the dollar, considered the world currency, is turning into a risky instrument for settlements, Siluanov said.
Mr. Siluyanov, and in your currency you will keep your personal savings earned in sweat? Translate into rubelki, or how?

[Sergey Averchenkov]

Oh, really what? Columbus discovered America ...

[andrson]

In the Russian Federation, an unreliable minister of finance, not a foreign currency.

[Snail N9]

Oh, Siluanov - "speak ischo": you are a storehouse of wisdom and foresight. Mine listens to you and "happy". Do not ... do not listen to "agents of the State Department", and "bulk" who scoff at your words, say ischo.

[Dormidont]

Said as if apologizing

[andron-30]

here it is the news of the day, the dollar is not a lot of money, but even the lazy bum didn’t talk about that

[Shahno]

So what is the increase in risks in the use of such an asset as the dollar (usa). If we consider the post-war period, this Fin. the tool is quite good. Political risks, yes, but globally unlikely ... Any other currency is even less stable.
If we are talking about a means of mutual settlements, we can return to the Middle Ages, everyone believes in their own means ..

[1 Navigator]

Please do not bother. Give Silanova tales to listen.

[Shahno]

I apologize if someone was confused. Did not want. As the saying goes, "Socrates is my friend, but ...".

[Altona]

Such a statement was apparently made out of some "patriotic reasons", either to please someone inside the country, or for something else. It is strange to hear this from a minister, who immediately salutes when it is necessary to push through an order from the IMF and the World Bank. They said that the national currency should be devalued in 2014. That's right. Pension reform in 2018! Will be done. Accountant-slapstick.

[1 Navigator]

Not tired of telling you tales? The same thing every day. Probably only those who tell them in them and believe.

[demo]

The authorities of the Russian Federation do not plan any restrictions or closings, because Russians are working in all these companies, take at least the same McDonald's, said the Deputy Prime Minister.
The construction of the Sakhalin Tunnel, its access roads, the Northern Latitudinal Railway and other projects will require young and strong hands.
McDonald's managers will fit like no other.
They will master a pickaxe and a shovel in a month.
But Siluanov does not plan our rocket engines and titanium parts for American aircraft, as well as nuclear fuel and much more to sell to the Americans for rubles?
Or visas to Russia for our dear ones, and not for green ones.
And so, respect for our ruble can be raised.
Moreover, the rate you can set 1 ruble is equal to 1 dollar.
Parity, so to speak.

[Awaz]

Siluanov is still a balabol. Before moving on to something, you need to create an honest and fair settlement mechanism. Whatever the dollar is a crooked currency, but it is now a unit of measurement and hardly anyone wants to go from "meters" to "feet".
So this is nonsense. Even with China they tried to do this and in the course of it all almost died down. The volume in national currencies has become miserable, almost zero.
The problem is not in the dollar, but in the economic authorities in the Russian Federation. They themselves can not and do not want to get rid of the buck.

[Anatole B]

Good idea, Belarusians will be happy to buy oil from Russia for Bel. rubles ...

PS As a person who has survived two devaluations, I can advise you to buy up more dollars ... These "economists" always begin such speeches before collapses ...

[_Sergei_]

Faster than Russian rubles

[saturn.mmm]

Quote: Anatol B

two devaluations

And how old are you? In my memory there were three denominations and five devaluations.

[serge siberian]

It's boring from such belated thoughts emanating from the "servant of the people". The USSR did not take part in this business plan, and Russia got into it head over heels. Well, who says it is necessary to reduce the ruble exchange rate for exporting companies? But then you have to buy more than sell goods, for a moment. Yes, and the withdrawal of money over the hill at an overvalued rate of "dollar" min.finu profit. So how will they refuse the high rate of foreign currency?

[123456789]

Siluanov: dollar becomes unreliable means for international payments

Branil Homer, Theocritus;
But I read Adam Smith
And he was a deep economy,
That is, he knew how to judge,
As the state grows rich,
And what lives, and why
He does not need gold,
When a simple product has.

[Old Horseradish]

Are there really those who believe in these nonsense? Siluanov is one of the authors of the retirement genocide. They have been actively supporting and strengthening the dollar for more than thirty years. Along the way, turning the ruble into a cow cake. Hang us noodles. They lie like breathing. Apparently, the ruble will soon give oak. And 99% of this merit of Medvedev and his friends.

[Lena Petrova]

Quote: professor

The main thing here is not to rush to pay them, as their national currency, if I may say so, loses 10% per day.

When recalculating, you can use the derived coefficient relative to other world currencies. That's all. Lira sank, - just pay them more.
The main thing is different - if you want to give up the dollar, then do it steadily and inevitably. There will be costs — for too long this system, imposed by others, has lived. But, nothing is eternal.

[asv363]

Turkey intends to switch to settlements in national currency with Russia
https://ria.ru/economy/20180811/1526383534.html

A similar statement by the Turkish leader was made against the backdrop of a crisis in relations between Ankara and Washington. The day before, US President Donald Trump announced an increase in duties on steel and aluminum imported from Turkey, which caused another drop in the Turkish lira to a historic low.
Among the states in the trade with which Turkey will switch to national currencies, Erdogan named Russia, China, Ukraine and Iran.
...
"If the countries of Europe also want to get rid of the shackles of the dollar, then Ankara is ready to switch to similar calculations with them," the president said, quoted by the Anadolu agency.

[XXXIII]

Siluanov: dollar becomes unreliable means for international payments

Chef, everything is gone!

As you can see in the picture, nothing really changed!

As of January 1, 2018, the volume of the NWF amounted to 3 billion rubles, which is equivalent to 752,94 billion US dollars, including:
1) on separate accounts for the accounting of means of the NWF with the Bank of Russia posted:
- 15,65 billion US dollars;
- 15,14 billion euros;
- 3,36 billion pounds;
2) on deposits with Vnesheconombank - 222,47 billion rubles and 6,25 billion US dollars;
3) into debt obligations of foreign states on the basis of a separate decision of the Government of the Russian Federation, without presenting a requirement for a long-term credit rating - $ 3,00 billion;
4) in the securities of Russian issuers related to the implementation of self-sustaining infrastructure projects, the list of which is approved by the Government of the Russian Federation - 112,63 billion rubles and 4,11 billion US dollars;
5) in preferred shares of credit organizations - 278,99 billion rubles;
6) on deposits with VTB Bank (PJSC) and Bank GPB (JSC) in order to finance self-supporting infrastructure projects, the list of which is approved by the Government of the Russian Federation - 164,43 billion rubles.
Information of the official website of the Ministry of Finance of the Russian Federation: https://www.minfin.ru/ru/perfomance/reservefund/news/#ixzz5Nyw2y8JT

ps. The thing is that people are not given money, and it makes me angry, and there is money in the country! ...

[Alber]

Quote: Shurik70

I only now understood the reason for Russia's weak protests against a bunch of sanctions under far-fetched pretexts. By imposing sanctions on Russia, the United States has deprived itself of its leverage, and now the dollar can be abandoned. Slowly, of course, "shock therapy" will bring down any economy. And just then the BRICS was created long ago, so that the connections would be established, and long enough for the inhabitants to have doubts about its need. It's time for spectacular moves, showing its need!
I take off my hat to the one who invented it.

what "spectacular" moves our government has, everyone has long known.
as if someone didn’t have to take off his hat, but his pants ...

[Terenin]

You do not have to be a professional economist to understand that the Bretton Woods Conference, which by its agreement spawned the United States as a parasite country that draws juices from all over the world, is now being audited. Enough or not, that's another question. Previously, nobody even dared to squeak about it.
PS I. Stalin - the only one who refused to ratify the Bretton Woods agreement.

[Million]

This is the Xiuan companions of an unreliable company. The dollar is still stronger than they will be.

[PiP]

For some reason, it seems to me that if (for example) officially equate 1000 rubles to 0,5 grams. gold, (how scientifically? to provide?) and on this basis to guarantee the exchange of the ruble for this metal or any other product equivalent to the price in gold. Then you can start "butting" with the dollar for real. After all, the world somehow lived and developed up to any Bretton Woods and Jamaican currency systems ... And now there is a process of "pouring from empty to empty", then dollars will buy selling euros, then dollars are sold, and euros are bought. Moreover, it turned out that the analysts in the Central Bank of the Russian Federation, it is not a good time to choose the time for these operations.
//
1. WE WILL BUY DEAR DOLLARS
Last year, the Russian regulator bet on the US dollar against the euro. During 2017, 32,2% of assets in the single currency were sold, which reduced the balance in euros from 115,4 billion euros to 78,28 billion. The funds were converted into American currency, according to the Central Bank of the Russian Federation, increasing its share in gold reserves from 40,4% to a record high of 45,8%.

And everything seems to be fine, but most of the conversion transactions were carried out in the first quarter of 2017. Currency traders can easily tell you that just during this period the euro / dollar exchange rate was in the range of 1,03-1,08, which is a 12-year low. Considering the sale of the euro at the lowest rate in twelve years as a bargain, the Bank of Russia sold 19,5 billion euros in the first quarter, reducing the share of gold reserves in the single currency to 25,7%.

And, as it usually happens, after such a “successful” transaction, in the second quarter the euro against the dollar turned around and began to grow, reaching the level of 2017 by the end of 1,2, thereby adding 13,8% to the value of the euro.

According to experts, if the share of gold reserves in the euro remained untouched, due to exchange rate differences by the end of the first quarter of 2018, reserves would have grown by $ 4,5 billion. In fact, the Bank of Russia in 2017 received a record loss in the history of 435,3 billion rubles.
//
https://fortrader.org/opinion/rezervy-rf-stremitelno-padayut-4-strannyx-shaga-ot-banka-rossii.html

[voyaka uh]

Prior to the dollar, the British pound was the main reserve currency. In the reserve currencies added the German mark and the Swiss franc. But since most financial settlements in the world began to take place in dollars, the dollar logically replaced the pound. Then came the euro, but
could not replace the dollar in terms of transactions.
Whatever it was, but after the 2nd World War gold stopped paying. It became clear to everyone that this was inconvenient, a relic of the chests of the Middle Ages.

[XXXIII]

Quote: voyaka uh

Whatever it was, but after the 2nd World War gold stopped paying. It became clear to everyone that this was inconvenient, a relic of the chests of the Middle Ages.

Yeah, a relic in the chests, only nobody throws it in the trash and they buy it at the market no worse than oil and gas. It may be more important for Jews to diamonds, but this does not mean that gold from this will be less in demand even among Jews. After all, gold and diamonds are the best combination and an established tradition in jewelry, and you would only know how to sell well. Also available to a wider audience of potential buyers and a good investment ....

[voyaka uh]

There is NO gold reserve in Israel. Not a kilogram. Moreover, there is no stock of diamonds, neither processed nor rough.

[XXXIII]

Quote: voyaka uh

There is NO gold reserve in Israel. Not a kilogram. Moreover, there is no stock of diamonds, neither processed nor rough.

And what do you live there for?

[voyaka uh]

To developed industry, export of goods. This is the basis of the stability of the shekel. Currency stability - when trading partners believe in the stability of the country's economy.
If there is no such faith, then the chest with gold will not help: the currency will begin to roll down the slope.

[fif21]

Quote: XXXIII

And what do you live there for?

They live on a mattress feed in the form of an annual gift from Uncle Sam (the sum is Google to help you). Therefore, for green candy wrappers they will fight not for life, but to death

[sleeve]

You don't think so. This method is a powerful weapon. Almost a win-win tool, since 10 thousand years of civilization is a "gold equivalent" lump compared to 80 years of bucks habit. Only it would be nice to correct the course a little. Like 200% of the purchase price in artels and in the mines. Something like that.

[sleeve]

I'm talking about the gold equivalent ... True, for this, Gaddafi was torn to pieces. But the Strategic Missile Forces will help us. There are good "financiers" serving.

[Mauricio]

Quote: sleeve

I'm talking about the gold equivalent ... True, for this, Gaddafi was torn to pieces. But the Strategic Missile Forces will help us. There are good "financiers" serving.

Gold is the same product and is also subject to price manipulation ... and now in a deep lingering peak, look better at the charts. If they are very tense they will be able to bring down the price even more. And it definitely needs to be tied to the economy of gold, that is the question.

[Antares]

Quote: sleeve

Only it would be nice to correct a little course.

the oldest Equivalent of Value also jumps be healthy. It is also a commodity and demand is determined by supply.

[voyaka uh]

Win-win? Ask the Spaniards. They were stuffed with gold (from South America). The largest gold reserve in the world.
And three times in their history they defaulted. Complete financial collapse.

[Mauricio]

Of course, it is necessary, in tugriks, to turn schemes on the stock exchange handy. Won recently Turkocoin fell -20% per day fell out, in dollars, then such numbers will not work ....

[sleeve]

Jump off the dollar? Without a head, this will lead to collapse. To begin with, this is, in principle, possible only with a trade preference. Second: this automatically leads to the removal from financial transactions on a global scale, and this is not a frail income. If your rubles are not your reserve currency, "bins" will not open to you any state, except perhaps Ghana and Syria. Third: the increase in trade turnover will inevitably be tied to your production capabilities and will not at all favorably influence this process. The non-reserve currency is doomed to autonomous navigation and will depend not on the world, but on the global conjuncture. We wanted to buy a turbine in Switzerland, with a fig commodity balance and not enough money. We bought francs on the market (not the fact that we will find a "kind" seller), but we had to negotiate about the course, and not the fact that it was profitable. Looking at this deal, the holders of the reserve currency will calmly lower the value of the ruble. Well, about the main thing. Oh, how can we tie the ruble to oil and gas then! It just takes horror. Much more powerful than now, because the exchange rate of the ruble will become the main regulator. And with him, the guys, the global financiers, will get up to anything and shamelessly, since we have turned our ruble into a commodity, so demand is driving them. Of course, it can be, and we will have brilliant economists and financiers who are able to turn this "samsara" in the right direction. But hl from "financial sovereignty" will have to. The budget man will lose weight. Lose weight a lot. There are, of course, decisive measures ... And most importantly, irrepressible, and if they are launched, it will be worse for the dollar.

[sleeve]

Instead of the word "hl" read "suffer". thanks.

[Golovan Jack]

Quote: sleeve

trade deficit

Would you throw nonsense to write something ... it’s impossible to read, it hurts your eyes

[XXXIII]

Quote: Golovan Jack

Quote: sleeve

trade deficit

Would you throw nonsense to write something ... it’s impossible to read, it hurts your eyes

Maybe enough to blame for nothing ....

[Golovan Jack]

Quote: XXXIII

May be enough to reproach for trifles

Where is the "trivia" ?! Chel sweeps a blizzard at the level of a kindergartner, who learned about the Great Patriotic War and says that he would be all "one left."

Kindergarten - excusable. But here it is why, it seems like adults are talking, no?

[sleeve]

The most interesting thing is that the gold-colored aggressiveness, in the conditions of the oil and gas needle for the world economy of the production of ala-russ, the effect for the dollar will become deplorable. How to undermine the gold ruble? To bring down the price of gold. But if these barbarians do not drop their domestic prices and introduce a moratorium on the import of gold into the country (they will not buy everything), then this will be a shot in both feet at once, and the ruble will instantly turn into a world reserve currency. And if you raise the gold? Uncovered and straight away. The effect is even stronger. And if the oil is dropped? And the Russians do not care, they both "pushed" her for 28000 rubles, so they will. If you want, drop it, I don’t care, it’s for internal revenue. Well, here, of course, the point should not huddle like a heart muscle. Oh, but I missed here that this will lead to an appreciation of the ruble, and it again becomes a reserve with the most advantageous conditions, since all one will have to "buy" it for a gold equivalent. What? Our trade turnover is so-so, with a gold reserve of 1000 tons we can manage 2 trillion. rubles to guarantee. And this will only concern export, import is marketable and a tractor, tank or cube of gas bought from us cannot be exchanged for gold. That's what I understand, the scam of the century! Breton Wood is resting. We have a reverse vector of this direction - to sell and produce, not consume and spend.

[XXXIII]

Quote: sleeve

How to undermine the gold ruble?

Get all the gold of the earth ....
In January-June, the Russian Federation mined gold at 122.4 ... tons, which is somewhere around 5286666666,66 billion. So you can make the ruble gold and maintain its gold standard, but it’s better to leave the ruble with paper as it is, and gold gold, gold for the gold of the Russian Federation and so everything will buy anywhere in the world .....

[Antares]

Quote: XXXIII

gold

Yes, gold can not be a universal measure (equivalent), that is, a currency, humanity has already tried
the amount of such equivalent is limited. how will you develop the industry then?
Growth in consumption is impossible - it means the economy will suffocate.
Sitting on gold, any operations with him are disadvantageous ..
Yes, and it is abraded, and not transportable, and also a product for industry ...
because with gold that mankind has tried the most in its time
So gold is one of the types of reserves (like paper like diamonds and currency) but not the main one.
As for the minister, these are words for the people. Everything will be fine (I did not say only to whom and when)

[XXXIII]

Quote: Antares

gold cannot be a universal measure (equivalent)

I do not argue, I wrote that let gold be gold and ruble a ruble, do not bind, just if you compare, then gold is a fairly stable measure ....

[Yves762]

Phew ...
Siluanov, for me, is also not a reliable frame. Especially in government. Duc, Nothing! He is still sitting in the government. Items are different, but the principle is the same ...

[aikon1974]

In my opinion, since the age of 14, blah, blah, blah. Our power can only language, and the dollar is more and more expensive.

[kunstkammer]

Who would have thought? What is interesting news?

[kunstkammer]

Quote: aikon1974

In my opinion from the age of 14, blah, blah, blah

this blah, blah, blah sounds from the end of the 80s of the last century! And the end and edge of this is not visible.

[fif21]

In war as in war. What can be opposed to the growth of the dollar 1. Deny accepting the dollar as a means of payment. Settlements in anything, and payments in national currency, euros, pounds, yuan, gold.
2. Remove the dollar from reserve currencies. Well, for this you need the decision of state bodies, and here most likely no steps will be taken. A cheap ruble is a cheap labor, a cheap domestic product with a competitive advantage, but mattresses should not take advantage of the fact that the whole world would hunch over them.