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Easy. Try buying and selling at this rate. It’s a hugely constrained market. I can tell you I have an asset worth 1e12 dollars but no one can buy it or sell it
by rich_sasha 5y ago
Easy. Try buying and selling at this rate. It’s a hugely constrained market.
I can tell you I have an asset worth 1e12 dollars but no one can buy it or sell it. This is kind of the same.
- IshKebab 5y agoOk but is the market rate not derived from the prices that people actually are buying and selling at? If not that's kind of insane.
- rich_sasha 5y agoThat’s my point, there isn’t really a free market for rubles. It’s so tightly controlled by the Russian state, they might as well name a price.
- deepsun 5y agoExactly, what their govt called "market rate". Similarly, I remember at one point there was almost 0 cases of COVID positives officially. But a huge spike in respiratory problems or other causes deaths for some reason.