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A measly 6% in relation to USD (0) since this started. Shockingly little, I was expecting to see it cratered when I first check, like their stock market (1), i.
by BbzzbB 5y ago
A measly 6% in relation to USD (0) since this started. Shockingly little, I was expecting to see it cratered when I first check, like their stock market (1), i.e. ERUS at -34% (bottomed -42%).
Think you're right they must've been buying it up. Would make sense to bid up the currency and not the stock market too, can only imagine how bad the bank runs would be if the ruble craters on top of all this.
0: https://www.google.com/search?q=ruble%20to%20usd https://www.google.com/search?q=ruble%20to%20usd
1: https://www.google.com/search?q=erus https://www.google.com/search?q=erus
- jacquesm 5y agoThere has been pretty heavy buying, both on the stock and the money markets, to prop things up. The weird thing is that this allows Putin and his buddies to buy up large amounts of stock at a huge discount.
- BbzzbB 5y agoPlus they're actually able to ensure the rightfulness of their ownership in said stock, unlike other participants which can get expropriated should they decide it is in their interest [0]. Would also expect insiders won't be blissfully scamming a shareholder if said shareholder is the state (or a friend of). 0: https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-russia-ukraine-threats-violence-asset-seizure-2022-2 https://markets.businessinsider.com/news/stocks/warren-buffe...