mo4ch:>Two to tango: Russia & Argentina may dump dollar in favor of local currencies in mutual trade | Mo4ch News

Russia has proposed that Argentina turn to payments in national currencies for bilateral financial transactions, according to Russian Ambassador to the country Dmitry Feoktistov. Buenos Aires is reportedly considering the idea.“We are proposing to actively join efforts not only to the Argentinians, but to our other partners as well, to switch to payments in national currencies, including the peso and the ruble. The Argentinians are still thinking,” the diplomat said in an interview with Sputnik.The ambassador added that the euro may become an alternative to the greenback in trade between Russia and Argentina. According to Feoktistov, Argentina’s government commonly clinches contracts in dollars, that’s why the country is still not sure about rubles as an option.“But we are converting in many countries, and they will have no problems later, when converting rubles back to dollars,” the diplomat said.Feoktistov highlighted the necessity to open a Russian bank in Argentina as well as crea…