The Bretton Woods system is not working and has to be changed, according to the Russian president The dollar-based global financial system is not balanced as it does not meet the interests of all countries, Russian President Vladimir Putin said on Thursday at the plenary session of the Valdai Discussion Club. According to Putin, the dominance of the American currency has to end, which is already happening, while the US authorities are “shooting themselves in the foot.” “The Bretton Woods system – it was once created on the basis of the dollar, but all this is gradually collapsing. Currency is a derivative of the p
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