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What awaits the dollar in Russia?


The State Duma deputy Mikhail Degtyarev (LDPR faction) proposes again to prohibit the storage and circulation of US dollars in the Russian Federation. The bill prepared by the liberal democrat is intended, according to the author, to protect us from financial problems in the event of a collapse of this currency.

Unreliable Degtyarev, apparently, considers only US dollars. According to Izvestia, the restrictions do not apply to any of the other currencies. Euro, pounds sterling, yen, yuan while safe.

What awaits the dollar in Russia?The deputy predicts the collapse of the dollar system by 2017 (with a clarification: if the US public debt will grow). That is why it is necessary to get rid of “dollar dependence”.

The draft law provides for the possibility for Russians to sell the existing US currency over the next two years. Then the dollars will be forcibly withdrawn "in favor of the federal budget." Other sanctions for currency holders are not provided.

Confiscation will be handled by the police, as well as representatives of the border, customs and tax services, and migration registration authorities.
According to Mikhail Degtyarev, if the proposed law is not adopted now, in the next five years the state will be forced to provide assistance to citizens who keep their savings in US currency.

Note that the US national debt has been growing steadily over the past hundred years. To date, according to BFM.RU, its size is approaching $ 17 trillion.

The main creditors of the United States of America are China (22.86% of the national debt) and Japan (21.16%).

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