Cryptocurrency Q&A
Did Russia stop using the U.S. dollar?
Did Russia stop using the U.S. dollar?
KatieAnderson
Wed Nov 13 2024
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5 answers
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I heard some news about Russia possibly stopping the usage of U.S. dollar in their financial transactions. I'm wondering if there's any truth to this rumor, and if so, what are the reasons behind such a decision?
5 answers
lucas_clark_artist
Fri Nov 15 2024
The decision to suspend dollar and euro trading on MOEX marks a significant move.
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DigitalLegend
Fri Nov 15 2024
Russia has been striving to decrease its dependence on Western currencies.
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CryptoAlchemyMaster
Fri Nov 15 2024
This effort has been intensified since the imposition of sanctions in 2011.
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Federica
Thu Nov 14 2024
The sanctions were a response to Russia's annexation of Crimea.
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BlockchainBaronessGuard
Thu Nov 14 2024
As part of these ongoing efforts, MOEX has now halted trading in dollar and euro.
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