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Can't russians just use and deposit usd or any other currency instead?
by Hoefner 3y ago
Can't russians just use and deposit usd or any other currency instead?
- onlyrealcuzzo 3y agoSure - if they have some bank that isn't sanctioned (AFAIK there are 0 domestic banks not sanctioned) - or money already outside of Russia (only the rich, and most of the mega rich are sanctioned individually).
- flamey 3y agoyou know wrong
- pshirshov 3y agoUnfortunately no. Gazprombank, Raiffeisenbank and Rosselkhozbank are partially sanctioned but operational - they allow to do swift transfers, their own native transfers to select post-soviet countries and their unionpay cards work relatively well outside of russia.
- victorbjorklund 3y agoAnd where will they convert their rubels to USD?
- Hoefner 3y agoProbably lots of countries and people still doing business (and trading) in russia who needs RUB. So p2p crypto exchange or cash