Moscow Exchange says it will stop accepting US dollars as collateral amid Russia's move away from 'toxic' currencies

1. 2022-08-23 at 2:24 PM UTC

   #1
   

   Lord Link Yung Blood
   https://markets.businessinsider.com/news/currencies/moscow-exchange-stop-accepting-us-dollars-collateral-toxic-currencies-2022-8
   
   

   On Monday, the Moscow Exchange announced it will stop accepting US dollars as collateral on the foreign exchange and securities market from August 29.
   
   The exchange did not explain the new policy or provide further details, but it had already limited the use of the greenback as collateral to 25% from 50% earlier in August. The Moscow Exchange is the largest exchange in Russia.

2. 2022-08-23 at 11:05 PM UTC

   #2
   Steven African Astronaut
   lol nice they're fucking themselves
3. 2022-08-30 at 4:36 PM UTC

   #3
   Wariat Marine/Preteen Biologist
   the move is seen as more symbolic than practical according to:
   https://www.voanews.com/a/russia-s-latest-move-toward-de-dollarization-seen-as-symbolic-/6721720.html
   
   but at the same time the same could be said for polands move away from russian gas no?
4. 2022-08-30 at 4:41 PM UTC

   #4
   Wariat Marine/Preteen Biologist
   "The Kremlin may have been surprised by the unity with which the U.S. and its allies acted. Experts said that Russian leaders likely assumed that it would be cut off from the dollar after invading Ukraine — indeed, Russian has, for years, been taking steps to insulate itself from the dollar.
   
   However, the Kremlin did so on the assumption that other global currencies, primarily the euro, but also the Japanese yen and the British pound, would remain available to it."
   
   yes the u.s. has many allies guys. worldwide.
5. 2022-08-30 at 4:48 PM UTC

   #5
   Jiggaboo_Johnson Black Hole
   Thanks STL
6. 2022-08-30 at 4:50 PM UTC

   #6
   

   Ghost Black Hole

   Originally posted by Wariat "The Kremlin may have been surprised by the unity with which the U.S. and its allies acted. Experts said that Russian leaders likely assumed that it would be cut off from the dollar after invading Ukraine — indeed, Russian has, for years, been taking steps to insulate itself from the dollar.
   
   However, the Kremlin did so on the assumption that other global currencies, primarily the euro, but also the Japanese yen and the British pound, would remain available to it."
   
   yes the u.s. has many allies guys. worldwide.

   
   mr worldwide
   
   
7. 2022-08-30 at 4:54 PM UTC

   #7
   Wariat Marine/Preteen Biologist
   https://eurasiantimes.com/s-400-exposed-russian-tourist-inadvertently-revealed/
8. 2022-08-30 at 4:58 PM UTC

   #8
   

   aldra JIDF Controlled Opposition

   Originally posted by Wariat "The Kremlin may have been surprised by the unity with which the U.S. and its allies acted. Experts said that Russian leaders likely assumed that it would be cut off from the dollar after invading Ukraine — indeed, Russian has, for years, been taking steps to insulate itself from the dollar.
   
   However, the Kremlin did so on the assumption that other global currencies, primarily the euro, but also the Japanese yen and the British pound, would remain available to it."
   
   yes the u.s. has many allies guys. worldwide.

   
   lol, VOA
   
   they know US vassals will fall in line, it's why they've been working toward self-sufficiency before hard decoupling