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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
by 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.
- deleted 5y ago[deleted]