Another blow to the US dollar, thus time under the belt: Russia & Egypt to use national currencies in bilateral trade ditching the fragile and non-gold backed US currency.Moscow & Cairo to drop USD, use national currencies in bilateral trade – Putinrt.comRussia and Egypt might soon exclude the US dollar and use their national currencies in the settlement of accounts in bilateral trade, Russian President Vladimir Putin said in an interview to Egyptian media ahead of his Monday visit to the country.