Thursday, November 21, 2013

US Currency

In Russia currently, the banks support US currency. You can trade this directly at banks without having to worry about the exchange rates and all the nuances that come with that. A poll went around 130 cities in Russia getting approximately 1,600 respondents with a 3.4 percent margin of error. The poll shows that one in every four Russians support the proposal to ban US currency from circulation and savings deposits. 39 percent wanted the currency to remain legal and 32 percent had no opinion. This poll was run by the state-run VTsIOM pollster because of a bill proposed by a state lawmaker last week.

40 percent of the 28 percent who wanted to ban the US dollar completed an elementary level of education. More than half of the opposing side were highly educated. This statistic alone shows how various education levels view every day decisions.

This bill was because of the belief that the dollar was on the brink of collapse and needed to protect the russian economy from an economic disaster. Whether or not this is the case, we will find out in time.

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