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May someone ELI5 what a 'Reserve' is exactly, and how it relates to common folk?
by samstave 5y ago
May someone ELI5 what a 'Reserve' is exactly, and how it relates to common folk?
- roveo 5y agoIt's a huge pile of money and other stuff (like gold) that the central bank can sell if the want to support the Ruble. Basically they sell dollars and buy rubles on the open market to keep the price from falling.