Thursday 27 June 2019 \

 

currency

Russia and Turkey ditched US currency for S-400 missile system deal

Both facing pressure from Washington, Moscow and Ankara ditched the US dollar when finalizing their landmark S-400 air defense missile systems deal and will do so in the future, Russian leader Vladimir Putin said.
 
“We understand that if we’ll make transactions in [US] dollars, they won’t come through,” Putin told reporters on Wednesday, citing his recent talks with Turkey’s leader Recep Tayyip Erdogan. “So we thought up another option.”
 
 

Four Gulf countries to announce common currency

Source : Agencies | 03 Dec 2013

Four Gulf Cooperation Council (GCC) countries will announce the introduction of a common currency by the end of December, a Bahraini daily reported on Sunday.

The common currency to be announced by Bahrain, Kuwait, Qatar and Saudi Arabia will be pegged to the dollar, a source told Akhbar Al Khaleej.

 
 

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