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The ruble would fall if there enough people who ① have rubles that they ② legally may sell and ③ a need to sell them soonish even at bad rates. All three condit
by Arnt 5y ago
The ruble would fall if there enough people who ① have rubles that they ② legally may sell and ③ a need to sell them soonish even at bad rates. All three conditions are necessary.
People with rubles are either in Russia or outside it. My guess is those in Russia may not legally sell, and that few of those outside are in a hurry to sell.
- harambae 5y agoI guess this answers part of it https://www.wsj.com/amp/articles/how-russias-central-bank-engineered-the-rubles-rebound-11648458200 https://www.wsj.com/amp/articles/how-russias-central-bank-en...