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Sounds like an opinion piece without much justification and evidence. Occam's razor suggests that the uncertainty and longstanding high rate of inflation shoul
by mehrdada 8y ago
Sounds like an opinion piece without much justification and evidence. Occam's razor suggests that the uncertainty and longstanding high rate of inflation should explain currency devaluation. For years, the 1- to 5-year CD rate had been in the 20%-30% range. Compound that and add uncertainty related to the price of oil and international sanctions. Telegram sounds like red herring. If it has any effect, it's at the margin. It's simply a popular messaging app in that geo. Any other conclusion would likely be reading too much into this.