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There are severe restrictions on exchanging or trading rubles, and Russian companies that receive foreign currencies are forced to convert 80% of it to rubles (
by fabian2k 4y ago
There are severe restrictions on exchanging or trading rubles, and Russian companies that receive foreign currencies are forced to convert 80% of it to rubles (I assume this is still in effect, I haven't looked for newer information here). So I don't think we know how the ruble would look like if you could freely trade it, right now the price is not determined by a free market.
- dzhiurgis 4y agoExactly. If you are local and have tons some rubles to sell, you wont get even remotely this rate.