look news india
Vladimir Putin on Donald Trump: Russian President Vladimir Putin, who has been pushing for an alternative to the dollar, on Wednesday questioned the need for countries to hold foreign currency. Putin said, what is the need for a currency which can be easily confiscated for political reasons. It is noteworthy that after the war in Ukraine started in 2022, Western countries had frozen Russian reserves worth about $300 billion. There is a debate among the G7 countries on how it can be used to support Ukraine. Speaking at an event, Putin said, a big question is that if foreign currency can be lost so easily then why should it be hoarded? He said it is more profitable to invest in the country’s infrastructure, logistics and education than holding foreign assets.
America exploits other countries with the help of dollar
Putin said, ‘The current US administration is reducing the role of the US dollar as a reserve currency in the global economy by using it for weak political purposes, forcing many countries to turn to other alternatives, including cryptocurrencies. Used to be.’ The US makes a lot of money from the use of the dollar as a global currency. Because of the dollar, America exploits other economies of the world for its own benefit. It is one thing to ban the use of the dollar and another to not use it. Trump has not been in the White House for four years. Meanwhile, some changes have taken place in the world economy as well as the American economy. Its opponents have done much to undermine the dollar’s fundamental basis as an international reserve currency. He has made political use of the dollar with his own hands.
backed by bitcoin
Putin further said that America’s share in the world economy is declining and the influence of the dollar is also declining. This is why we are looking for alternatives to using other media. For example Bitcoin. Who can stop its use? or using other electronic methods. No one can stop their use because these are new technologies. Anything can happen with a dollar. The use of these devices will increase. Dollar has nothing to do with it.
Trump threatened
It is noteworthy that last week, America’s newly elected President Donald Trump had warned the BRICS countries against using any other currency instead of the US dollar. Trump has asked BRICS, a group of nine countries including India, Russia, China and Brazil, to promise not to do so or face 100% tariffs. Over the past few years, BRICS countries, particularly Russia and China, have attempted to introduce their own BRICS currency as an alternative to the US dollar. However, India has not yet joined any such move.