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Then it’s like giving away free gas. They probably want it at current market rates what ever those are 1000:1 1m:1 that will help remove excess rubles out of th
by rdtwo 5y ago
Then it’s like giving away free gas. They probably want it at current market rates what ever those are 1000:1 1m:1 that will help remove excess rubles out of the system.
- maratc 5y agoThat's exactly the opposite. Imagine you need 100 Rubles to pay for 1cf of gas. But you don't have rubles, you need to buy them. Would you rather spend $1 (given a rate of 1:100) or $100 (given a rate of 1:1) to pay for that 1cf of gas?
- rdtwo 5y agoBut you can buy them on the “market” black or otherwise so you ideally buy up as many as possible and give them back to the Russians for disposal. That creates demand for the currency and is the reverse effects of printing money.