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There are black markets in the form of Telegram chats and bots where people exchange cash. They aren't so necessary right now because certain limitations have b
by ymolodtsov 4y ago
There are black markets in the form of Telegram chats and bots where people exchange cash. They aren't so necessary right now because certain limitations have been lifted and while it's not easy, you can buy cash USD or send wires to other countries.
There are two things holding the ruble high:
1. All exporters have to sell 80% of their FX income in 3 days
2. The import has shrunk dramatically and it's hard for people to travel to other countries (so individuals and businesses don't need that much cash to begin with)