More evidence of the death of the dollar.
"As a result of its status as the world’s biggest energy exporter, the Russian state has accumulated about $300 billion worth of U.S. dollar denominated foreign exchange reserves. It doesn’t want any more. After decades of eagerly accepting dollar payments, Russia has quietly asked its trading partners to pay in rubles."
"China and Belarus have already agreed. With special pricing incentives, others, like Ukraine, will follow."
http://seekingalpha.com/article/265375-r...-investors
"As a result of its status as the world’s biggest energy exporter, the Russian state has accumulated about $300 billion worth of U.S. dollar denominated foreign exchange reserves. It doesn’t want any more. After decades of eagerly accepting dollar payments, Russia has quietly asked its trading partners to pay in rubles."
"China and Belarus have already agreed. With special pricing incentives, others, like Ukraine, will follow."
http://seekingalpha.com/article/265375-r...-investors
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