ALEXEY VEDEV SAID THE DOLLAR IS STABLE AS A GLOBAL CURRENCY

Alexey Vedev, Head of the Financial Studies Department at the Gaidar Institute, expressed his opinion to the radio station “Govorit Moskva” on the dollar stability as a global currency.

“Despite geopolitical global events, the dollar remains the most effective and stable currency in international settlements. Trade is based on the two world currencies, but the dollar remains the more practical currency. Amid sanctions, participants in international settlements constantly face a choice: either reliability or efficiency. By all means, trading in yuan and national currencies is more reliable, but less efficient. Hence there is an imbalance in trade: a deficit, surplus or overflow of the national currency,” the expert said.