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Russia’s FX reserves slip from its grasp

• WalterGR 5y ago
  FX = forex = foreign exchange In this context, it means holdings of monetary value not denominated in Rubles.
• alangibson 5y ago
  The collapse of the ruble is well under way. I've been watching the USD/RUB spot rate this morning, and the graph line is roughly vertical. As a side note, German language news is reporting that Sberbank Europe is insolvent or soon will be.
  • trompetenaccoun 5y ago
    The Euro has given as well. To be honest I expected much worse for the RUB, was surprised that it isn't that bad (yet?)
    • alangibson 5y ago
      Same here. I thought the bottom would absolutely drop out, but now it's looking like it doesn't want to drop more than 25%.