Putin proposes new common currency among former Soviet states to replace the dollar

When Russian President Vladimir Putin submitted a bill aimed to help de-dollarize the post-Soviet space, it came as no surprise for many in the former U.S.S.R. On August 28, Putin asked parliament to ratify a treaty among members of the Commonwealth of Independent States that would expand the use of their national currencies -- instead of the dollar or euro -- in foreign trade payments and financial services.
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