4 ms·
This is artificial. Import is very low due to sanctions, export is quite high due to energy price hike, so there's a lot of foreign currency sitting idle inside
by SergeAx 4y ago
This is artificial. Import is very low due to sanctions, export is quite high due to energy price hike, so there's a lot of foreign currency sitting idle inside the country, and exporters should pay their expenses and taxes, so they have to sell at whatever price market is ready to buy.
I actually banked on that a bit, enough to offset losses on other parts of my portfolio.