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Mordor: USD usage will be sharply reduced
  • Vitaliy_KiselevVitaliy_Kiselev

    Mordor must take measures to reduce its dependence on the American currency, said Russian Deputy Foreign Minister Sergei Ryabkov. According to him, steps need to be taken due to new possible US sanctions.

    “We need to isolate ourselves from the US financial and economic system in order to get rid of dependence on this toxic source of constant hostility ... We need to reduce the role of the dollar in any transactions,” he said in an interview with Bloomberg.

    Biggest catch here is that all USD accounts of our banks (including all personal account of clients) are located in US banks in reality. So blocking this money is possible and as we have huge amount of USD personal savings it can be big hit.

    Mordor is one of the most liberal countries in this regard for now, with lot of people having savings in USD, EUR and lot of other currencies. As leading banks here have superb internal bank software and apps - it is very easy to do, including fast transfers and access to low fees exchange on FOREX or alike.

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  • radikalfilmradikalfilm

    I've been implementing the same policies for a few years now, as I refuse to render services billed in that toxic currency. Hmm. I'll look into Mordor residency and start (re)learning Black Speech.

    On a very serios note, USD has already collapsed. It will take maybe five more years until the planet takes full notice, but it's done.

  • Vitaliy_KiselevVitaliy_Kiselev

    Mordor Foreign Minister Sergei Lavrov believes that modern realities indicate the need to abandon the use of international payment systems, which are under the control of the elves of the West.

    “We need to move away from the use of international payment systems controlled by the elves,” the Foreign Minister told the Chinese media.

    According to him, it is better to reduce the sanctions risks by strengthening its own technological independence, in particular the transition to settlements in national currencies, as well as in international currencies, which are an alternative to the dollar.

  • Vitaliy_KiselevVitaliy_Kiselev

    The Ministry of Finance of Russia informs about the completion of the conversion operations on July 5, 2021, necessary to bring the actual structure of the NWF funds to the new regulatory structure. As a result of these transactions, the US dollar was excluded from the structure of the NWF, the share of the pound sterling was reduced to 5.0%, the shares of the euro and the Chinese yuan were increased to 39.7% and to 30.4%, respectively, the share of the Japanese yen was 4.7%, and the share of non-cash gold is 20.2%.

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