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> 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
by 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.