Posted on Jun 17, 2024
Rouble is Burning | Russian Economy is in a Freefall | Ukraine War Update
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Russia
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Economics
Posted 3 mo ago
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Russian banks are skewing the exchange rate. Since U.S. dollars are stable and Russian rubles are volatile, they are disincentives for selling the former.
https://markets.businessinsider.com/news/currencies/russia-dollar-ruble-exchange-us-sanctions-currency-yuan-ukraine-war-2024-6
https://markets.businessinsider.com/news/currencies/russia-dollar-ruble-exchange-us-sanctions-currency-yuan-ukraine-war-2024-6
Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's...
Russians were lining up at one lender that was still offering dollars after trade was restricted following new sanctions, Bloomberg reported.
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