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The ruble isn't strong. You can't sell meaningfully sell it on the open market. When you buy it, the price goes up. When you can't sell it, the price stays u

• waffleiron 4y ago
  > When you buy it, the price goes up. When you can't sell it, the price stays up. How could you buy it, if it can't be sold? Also that article is from June, a lot has changed since then.
  • emaginniss 4y ago
    USD to RUB Average Daily Volume Traded 100 Days: 514 Average Daily Volume Traded 200 Days: 24602 You can buy it from Russia, but you can't sell it to Russia. That is how you can buy but not sell.
    • waffleiron 4y ago
      But why would one buy it from Russia instead of buying it from someone trying to sell it that can't sell it to Russia? I don't understand how Russia could prevent me from selling the RUB to anyone else? If people are buying from Russia they would like to buy it for cheaper from me, no? What am I missing here?
      • rrrrrrrrrrrryan 4y ago
        When you want to buy oil from Russia, Russia forces you to perform the transaction with Rubles. Which means you have to buy Rubles from Russia in order to buy oil. I don't think there's a big pile of Rubles outside of Russia. If I had Rubles I would've offloaded them many months ago because there's a chance they could be completely worthless in the medium-term.
    • ehvatum 4y ago
      You can sell rubles to Russia for oil.