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It's not a real exchange rate because there is no free exchange. Russian exporters forced to exchange 80% of hard currency to rubles. An individual can get maxi
by throw_5202 4y ago
It's not a real exchange rate because there is no free exchange. Russian exporters forced to exchange 80% of hard currency to rubles. An individual can get maximum $10k in cash until at least 9th September: https://www.cbr.ru/eng/press/event/?id=12744 https://www.cbr.ru/eng/press/event/?id=12744 (and there are similar limits on international payments/transfers).
When there is no free exchange rate is not very meaningful.