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> they burn billions of dollars per day in foreign exchange Well, given the sanctions they might as well burn these dollars/euros. So maybe it's not that bad t
by csomar 5y ago
> they burn billions of dollars per day in foreign exchange
Well, given the sanctions they might as well burn these dollars/euros. So maybe it's not that bad to pump their currency rate here.
- jacquesm 5y agoThey could well unload to China, though I'm not sure if that route is still open.
- ncallaway 5y agoMy understanding was that China had restricted to some degree dollar denominated trading. So, I think they can move their yuan freely to China still, but USD and Euros are harder to move (though not impossible?) in China