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but isn't 1/3rd of a country size of France is under their control now, and ruble trades higher than before sanctions? Russia's performance was certainly under

but isn't 1/3rd of a country size of France is under their control now, and ruble trades higher than before sanctions? Russia's performance was certainly underwhelming, especially their logistics and general appearance of disorganization, but weak might also be a bit of a stretch.

323 5y ago
The ruble interest rate was increased to 20%. You can make any currency go higher with a sufficiently high interest rate, but that interest hike has a huge impact on the economy. https://www.cnbc.com/2022/02/28/russia-central-bank-hikes-interest-rates-to-20percent-from-9point5percent-to-bolster-ruble.html https://www.cnbc.com/2022/02/28/russia-central-bank-hikes-in...
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kasey_junk 5y ago
You can’t actually trade rubles anywhere. Russia has gone from a relatively liberal currency with normal interest rates to one of the strictest currency control regimes in the world and 20% interest rates. Russia is bankrupting itself to prop that number up and if they let up for even a week the currency flight would crater the exchange rate.
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