3 ms·
Is that a strategy to make money long term or a necessity at this point? I kind of understand stock buybacks companies do but I'm not familiar with currency buy
by mtmail 5y ago
Is that a strategy to make money long term or a necessity at this point? I kind of understand stock buybacks companies do but I'm not familiar with currency buybacks.
- from 5y agoIt's to keep the exchange rate stable. Although that can't happen if the FX reserves are frozen.
- deleted 5y ago[deleted]
- csdreamer7 5y agoTo keep people from selling the ruble and buying dollars and euros because they fear their money will become worthless. If Russians stop accepting rubles and use foreign currency for transactions, the Russian govt stockpile of rubles, and it's ability to print more rubles, becomes worthless. They will need foreign currency to pay people.
- deleted 5y ago[deleted]