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Putin's pledge to ditch the dollar is slowly being fulfilled
By Andrey Biryukov
Saturday, August 3, 2019
Russia is acting on a pledge by President Vladimir Putin to shrink the role of dollar in international trade as tensions sour between Washington and Moscow.
The shift is part of a strategy to "de-dollarize" the Russian economy and lower its vulnerability to U.S. sanctions. But while the central bank was able to quickly dump half of its dollar holdings last year, progress in trade has been slow due to ingrained use of the greenback for many transactions.
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Kinesis Partners with Healthcare Platform Rejuvenan Global Health,
Enabling Reward Payments Using Digital Gurrencies
Tuesday, July 30, 2019
NEW YORK -- The board of Kinesis is pleased to announce an investment in and partnership with leading health and wellness company Rejuvenan. The partnership between Kinesis and Rejuvenan is expected to create major synergies between the two companies serving potentially millions of people around the world.
Rejuvenan is a digital wellness and health company that focuses on delivering an integrated and holistic approach to healthcare to its clients. Unlike other wellness/health companies, Rejuvenan's data-driven platform uses artificial intelligence to diagnose and provide clients with specific behavioral modification strategies for optimal health outcomes. By powering a Rejuvenan rewards currency based on the Kinesis platform, Rejuvenan will be able to leverage Kinesis' established operational infrastructure to provide their clients with a rewards system that incentivizes healthy lifestyles. ...
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The share of euros in Russian exports increased for a fourth straight quarter at the expense of the U.S. currency, according to central bank data. The common currency has almost overtaken the dollar in trade with the European Union and China and trade in rubles with India surged. The dollar's share in import transactions remained unchanged at about a third.
"There's been a strong incentive to change, not just for Russia but for its trading partners too," said Dmitry Dolgin, an economist at ING Bank in Moscow. "The European Union is also now facing trade pressure from the U.S." pushing them to try to reduce dependence on the dollar, he said. ...
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