Valmond@lemmy.world to Ukraine@sopuli.xyz · 30 days agoWhen your morning coffee tastes extra good (ruble at 108)message-squaremessage-square34fedilinkarrow-up174arrow-down12file-text
arrow-up172arrow-down1message-squareWhen your morning coffee tastes extra good (ruble at 108)Valmond@lemmy.world to Ukraine@sopuli.xyz · 30 days agomessage-square34fedilinkfile-text
minus-squareMrMakabar@slrpnk.netlinkfedilinkEnglisharrow-up1·edit-229 days agoThe Rubel is not freely traded. The Central Bank sets the exchange rates. EDIT: exchange rate not interest rates. Shit.
minus-squareBuffalox@lemmy.worldlinkfedilinkarrow-up2arrow-down1·29 days agoThat’s how it is for all currencies.
minus-squareMrMakabar@slrpnk.netlinkfedilinkEnglisharrow-up5·29 days agoExchange rate. I am an idiot: https://www.cbr.ru/eng/press/pr/?file=638538773185105939ENG_PP.htm
minus-squareBuffalox@lemmy.worldlinkfedilinkarrow-up4arrow-down1·29 days agoOK that makes more sense, but although Russia has done a lot to restrict trade with their currency, and they do a lot to stabilize it, it’s still a traded currency.
The Rubel is not freely traded. The Central Bank sets the exchange rates.
EDIT: exchange rate not interest rates. Shit.
That’s how it is for all currencies.
Exchange rate. I am an idiot:
https://www.cbr.ru/eng/press/pr/?file=638538773185105939ENG_PP.htm
OK that makes more sense, but although Russia has done a lot to restrict trade with their currency, and they do a lot to stabilize it, it’s still a traded currency.