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Report: Tunisia Seeks to Replace U.S. Dollar with Ruble

JAFFA Israel – Russia is about to augment its economic and commercial ties to the Arab world, Russia Today’s Arabic-language channel reported.

According to the network’s website, the Tunisian ambassador to Moscow told a local news agency that his country would consider replacing the U.S. dollar with the Russian ruble for all transactions with Russia.

The Tunisian Ambassador to Russia, Ali Goutali, told Sputnik on Tuesday:

The main agenda of this consultation is our political relations and our economic cooperation: ways and means of strengthening our economic and trade ties, specifically at this stage, because right now there is a place for Tunisian products on the Russian market. … We will be looking for a solution to use the ruble instead of the dollar in our trade exchanges.

The two countries will hold a summit at the end of the month that will “focus on strengthening diplomatic and commercial ties between the two countries,” the ambassador said, adding that Tunisia is especially interested in increasing exports of textiles and agricultural produce to Russia.

Russia Today also reported that Russia and Egypt signed a cooperation agreement in the field of telecommunications. Rostec, the governmental telecommunications company, announced that the two countries have agreed to jointly manufacture high-security and super-resistant radio devices, the details of which will be discussed at an imminent bilateral summit.

Egypt and Russia have also signed several memoranda of understanding intended to boost trade between the two countries.

Russia’s Ambassador to Cairo, Sergei Kerbachenko, has recently announced that the two countries are planning to increase trade beyond the current level of U.S.$5.5 billion annually, and expunge the U.S. dollar.

The ambassador said that Egypt is in a category of countries that are very attractive to Russian trade.

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