The Russian Foreign Ministry announced the depreciation of the dollar due to the undermining of confidence in the currency

Director of the Foreign Policy Planning Department of the Ministry of Foreign Affairs of the Russian Federation Alexey Drobinin in his interview for the magazine RISS reported that the dollar is depreciating due to undermined confidence in the currency.

The diplomat pointed to the aggravation of the crisis situation in the West, which is caused by the policy of the White House. According to Drobininia, the US government has tried to use the currency as a weapon in order to maintain its power over other countries by imposing endless sanctions. In addition, the politician noted that the United States had a negative impact on the domestic economy of other countries by manipulating the dollar. Such actions by the United States led to a loss of confidence in the currency.

“Let’s be frank: the dollar is nothing more than a ‘paper of trust’,” Drobinin said.

Earlier it became known about the record low exchange rate of the dollar in the period from March 1, 2023. It amounted to 75 rubles, this figure was recorded by the capital stock exchange.