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Russia says there's a problem with billions of rupees it has in India that need to be converted
(markets.businessinsider.com)
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Is it a good move ? I think so..USD needs to be replaced now.
The only currency I am aware of with the necessary backing, flexibility, durability, and faith is probably the Euro. I donβt know that any other currency can really gain the scope of adoption necessary to be the default reserve currency.
Yeap, I support Euro.
As an American, I support the Euro too. It really doesn't matter what currency is used. The benefit US of having THE international currency is tiny. It means that we can't do as much to manipulate it's value (control inflation) as we'd like.
It does mean however that your sanctions go a lot further, by wielding the threat of freezing foreign dollars.