85% Local Currency Usage – CIS Nations Take a Stand Against Foreign Dependence
At the recent Commonwealth of Independent States (CIS) summit, Russian President Vladimir Putin revealed that over 85% of trade among CIS member states is now conducted in national currencies.
This shift aims to reduce reliance on foreign currencies, strengthening regional economic resilience amid global instability. Putin emphasized the growing use of domestic payment systems and financial tools, signaling deeper integration within the bloc.
The move aligns with efforts to shield regional economies from external sanctions and create a more self-sufficient economic environment. Marking a significant step toward greater economic cooperation among CIS nations.
Clever Robot News Desk 28th December 2024
