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That'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 (give
by maratc 5y ago
That'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.