Kudrin: the dollar will continue to function in Russia

The Russians will be able to make settlements, exchange and store personal savings in dollars after the change in the currency structure of the National Welfare Fund (NWF), said the head of the Accounts Chamber Alexei Kudrin in a comment to the Russia-1 TV channel. The possible reason for the refusal from the dollar in the structure of the fund, he called the US sanctions and “fears that settlements with the state may be difficult in dollars.”

“This does not negate the payments in dollars, which are carried out anyway between all countries. (Dollar.- “B”) is not illegal. All will also work, also exchange in all exchangers. You can also keep your personal savings in dollars, but the state diversifies its reserves into other assets, ”said Mr. Kudrin on the sidelines of the St. Petersburg International Economic Forum (SPIEF; quoted by TASS).

Earlier, during the SPIEF, Russian Finance Minister Anton Siluanov announced a new currency structure of the National Welfare Fund (NWF). According to Mr. Siluanov, the dollar will be withdrawn from the structure of the fund. Commenting on the change in the structure, the press secretary of the President of the Russian Federation Dmitry Peskov said that de-dollarization is ongoing. At the same time, Mr. Peskov did not answer the question about the political reasons for the change in the structure of the NWF. Russian President Vladimir Putin noted that his criticism of the dollar does not mean that Russia wants to stop using this currency as a reserve currency.

About the results of the SPIEF – in the material “b”.