3 ms·
It's the old 'war' of the importers versus the exporters, that every country in the world has to fight. The exporters want a low currency so the country receiv
by simonblack 3y ago
It's the old 'war' of the importers versus the exporters, that every country in the world has to fight.
The exporters want a low currency so the country receives more from exports, while the importers want a high currency so they are paying less for imported goods.
For net exporters, like Russia, a lower currency is much better. For every dollar that Russia earns, the Russians are now getting 100 roubles. With the rouble at 50 to the dollar, for every dollar that Russia earns, the Russians only get 50 roubles.