Euro ruble exchange rate: Euro to Benefit if Russia & Others Dump the Dollar

“Russia created the SPFS payment system “which began in 2014 in response to Washington’s threats of disconnecting Russia from SWIFT. The first transaction on the SPFS network involving a non-bank enterprise was held in December 2017,”” says Timothy Alexander Guzman, a researcher at The Centre for Research on Globalization (CRG), an independent research and media organization based in Montreal, citing an article by Tim Rickards author of “Currency Wars”.

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