Dedollarization does not mean banning the US dollar, and there will be no ban on dollar circulation in Russia, Russian Prime Minister Dmitry Medvedev said on Thursday.
MOSCOW (Pakistan Point News / Sputnik - 06th December, 2018) Dedollarization does not mean banning the US dollar, and there will be no ban on dollar circulation in Russia, Russian Prime Minister Dmitry Medvedev said on Thursday.
"Dedollarization does not actually mean banning dollar. Dollar is certainly a key global Currency, a key reserve currency, and there will be no ban on dollar circulation in our country, while the circulation should be within legal framework," Medvedev said in an interview with Russian tv channels, when asked what dollarization would mean for ordinary citizens.
"People will be able to freely deposit money in Dollars and freely sell dollars via exchanging them for rubles or other currencies," Medvedev added.
He specified that the idea of banning dollar in Russia was "absurd" as it contradicted economic rules.
