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re: Russia abandoning the dollar for euro

Posted on 6/12/14 at 2:10 pm to
Posted by LSURussian
Member since Feb 2005
127260 posts
Posted on 6/12/14 at 2:10 pm to
Meh. This is about the 4th or 5th time Russia has announced something similar to this.
Posted by TX Tiger
at home
Member since Jan 2004
35702 posts
Posted on 6/12/14 at 2:11 pm to
quote:

Meh. This is about the 4th or 5th time Russia has announced something similar to this.
I agree. Not gonna happen.
Posted by BaylorTiger
Member since Nov 2006
2083 posts
Posted on 6/12/14 at 2:14 pm to
I'm with Russian on this...nothing coming from this.

Also, Iran entered into a state of hyperinflation for a variety of reasons where the main currency used, albeit illegaly, was the US dollar. The VAST majority of their economic activity was/is still based upon the US Dollar. The Gov't does not equal private activity and vice versa as the discussion from this article seems to suggest.
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