This worries Putin very much: why does the dictator need the single currency BRICS

Putin wants to create a “single currency” BRICS/GettyImages which will replace the dollar. At the same time, the South African finance minister did not take seriously the words of the Russian usurper.

The creation of a “common currency” involves the establishment of a central bank, and this will lead to the loss of independence in monetary policy. The odious decision of PutinChannel 24 was commented on by Georgian political scientist Gela Vasadze.

“Regarding the “single currency”, not everything is so simple, because everyone says that he is in pain. Putin is very the issue of currency settlements hurts a lot, because he very vehemently and actively called for the abandonment of the dollar,” the Georgian political scientist said.

Why Putin wants to create a “single currency”: watch the video

Selling notes

Against the backdrop of massive anti-Russian sanctions, India and Russia are making payments in rupees for oil. Due to the fact that the Russians sell oil in rupees, they have accumulated a lot of them. But the surprise is such that the Central Bank of India prohibits the exchange of rupees for dollars.

That is, getting dollars for rupees will not work. As a result, Russia found itself in an interesting position – with the rupee, the Russians can buy Indian short-term or long-term obligations, which will also receive rupees. That's all you need to know about their rejection of the dollar, – said Vasadze.

In general, it is quite profitable for countries buying raw materials in Russia to trade their currency. He bought real energy resources, and sold either his goods or just pieces of paper.

Relations between India and Russia: latest news

• India invited Putin to the G20 summit, which will be held in autumn September 9-10 in New Delhi. Political technologist Boris Tizenhausen noted that the reason for this decision was money. India is building up trade relations with the aggressor country.
• Since the beginning of the full-scale invasion, India has been actively buying Russian oil. The aggressor country made concessions, in particular, the settlement is carried out in rupees, as well as at reduced prices.
• International observer Ivan Yakovina is convinced that India did not save Russia by trading oil with it. On the contrary, it dragged the aggressor country into a very difficult situation, because it paid off with it for oil in rupees.