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Personally I'd take a weak currency any day. It helped exports. Going back to Russia's economy, the future investment is dying. Its airplanes are not getting n

by abirch 4y ago

Personally I'd take a weak currency any day. It helped exports. Going back to Russia's economy, the future investment is dying. Its airplanes are not getting new parts. Siemens isn't repairing any equipment. The full effects of the sanctions won't hit for another few years.

azinman2 4y ago
> Personally I'd take a weak currency any day. It helped exports. This only works if you have a developed enough domestic economy to supply everything you need. Assuming you’re exporting more than food, you’ll need resources to produce anything, and if that’s expensive then your theoretically cheap export pricing can’t be so low. Russia’s domestic suppliers aren’t well rounded, but they do have energy independence which is a major factor going for them.