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04 April 2022, 12:31

Golovchenko: The current situation is a chance for the world to move away from the dollar hegemony

MINSK, 4 April (BelTA) – The current situation offers a chance for the world to move away from the hegemony of U.S. dollars. Prime Minister of Belarus Roman Golovchenko made the relevant statement on the air of the TV channel Belarus One, BelTA has learned.

Roman Golovchenko said: “A global remodeling of the world financial order is in progress. In my opinion, it can be described as a period of the U.S. dollar's suicide. It is difficult to predict consequences of aggressive and unjustified actions of the United States of America. I think the world financial system shocks caused by the West will be serious. Who will benefit from it? The countries that have large economies such as Russia, India, Brazil, and China. It is a chance for the world to move away from the dollar hegemony. From my point of view, the USA is doing everything to facilitate this transition.”

Roman Golovchenko remarked that many countries kept their reserves as USA federal loan bonds. But now investors are looking for more reliable assets. “I think in the near future owners of dollar assets may be subjected to serious hardships. This is why our switching to Russian rubles as much as possible is justified for us. We've been lobbying to untie payments for energy resources from the dollar for a long time. It is economically beneficial for us and we've accomplished it,” the prime minister stressed.

Roman Golovchenko also pointed out that Belarus had joined Russia's SWIFT substitute quite a long time before. “This is why we are experiencing no problems in transactions with Russian partners. There are no serious difficulties involved in the work with Chinese partners. We continue getting payments in U.S. dollars, euros, and yuans. On the whole, everything works, enterprises get money for shipped products, we pay for components and imports,” he concluded.

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