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USD => Chinese Yuan => Russian Ruble?
by UnpossibleJim 5y ago
USD => Chinese Yuan => Russian Ruble?
- jacquesm 5y agoIf you feel that the risks associated with evading these sanctions are worth the gain then you are a lot braver than I am, and besides that I would not want to profit of all this misery anyway.
- kasey_junk 5y agoChinese Yuan is an extremely unpopular currency corridor because a) there is no market for it, it’s effectively a peg and b) it’s divorced from usage in the country it’s supposedly from. That is to say you’ll pay a gigantic premium on that trade.
- UnpossibleJim 5y agoOk, so you'd end up flat at best and the whole thing would be a wash dollar wise while still putting you on a bunch of watch lists. Is that what I'm getting out of this?
- kasey_junk 5y agoI don’t know enough about that particular corridor to know what the specific outcomes would be. That said, my impression is that flat would be tough and liquidity would be a real problem.