2023-09-25 16:48:56
Moscow has just authorized around thirty countries, including Morocco and the BRICS countries, to initiate financial transactions on the Russian foreign exchange market using local currencies such as the dirham, with a view to circumventing the predominance of the American dollar. .
The first-of-its-kind initiative will allow countries on Russia’s list to buy shares on the Moscow stock exchange using their national currencies, thereby reducing pressure on the US dollar, which is widely used in international transactions.
An opportunity to be seized by Moroccan businessmen?
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