Moscow & Cairo to drop USD, use national currencies in bilateral trade – Putin | |
Anonymous Coward User ID: 67731396 Canada 02/08/2015 07:15 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 3530111 United States 02/08/2015 07:26 PM Report Abusive Post Report Copyright Violation | [link to rt.com] Quoting: Uncle Fuck Stick Russia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the country. READ MORE: Iran moves away from US dollar in foreign trade The issue of abandoning the dollar in trade is “being actively discussed,” Putin told Al-Ahram daily newspaper ahead of his two-day trip to Egypt. The Russian president was invited for a bilateral meeting by his Egyptian counterpart Abdul Fattah al-Sisi. “This measure will open up new prospects for trade and investment cooperation between our countries, reduce its dependence on the current trends in the world markets,” Putin said. “I should note that we already use national currencies for trade with a number of the CIS [Commonwealth of Independent States] states, and China. This practice proves its worth; we are ready to adopt it in our relations with Egypt as well. This issue is being discussed in substance by relevant agencies of both countries.” Egypt is a long-time and trusted partner of Russia and the relationship between the two countries has been rapidly developing, the Russian president said. “The volume of bilateral trade has increased significantly over the past years: In 2014, it increased by almost half compared to the previous year and amounted to more than $4.5 billion,” he said urging for this trend to be strengthened. More in link This is surprising. Egypt to drop USD despite being the 2nd biggest recipient of US aid after Israel, despite being neighbour of Israel , having issues about the Nile with neighbouring countries and the problem of islamic fundamentalism ? The US could create the country a lot of problems if Egypt is not wise. Sisi is no doubt a good leader and we wish him success. For Russia being Egypt's ally means gaining more influence in the middle east in addition to its influence in Iran. |
Anonymous Coward User ID: 67755315 United States 02/08/2015 07:37 PM Report Abusive Post Report Copyright Violation | I have both currencies in a drawer somewhere, they aren't worth shit, they are so valueless they are very small pieces of paper in order to not waste paper to print on. Money is only worth as much as someone wanting to have it. Quick, what do you want to buy with rubles or Egyptian pounds? Nobody goes to Russia or Egypt unlessed forced to. The tourism business has collapsed. Russia or Egypt sell nothing you need or want. |
Anonymous Coward User ID: 67563835 United States 02/08/2015 07:53 PM Report Abusive Post Report Copyright Violation | |