Russia: Ruble lost over 7% of value so far today, down to 113/USD.
The Russian Central Bank has suspended planned purchases of foreign currency and gold equivalent to around $40 million / day.
Instead, purchase of rubles with the Chinese Yuan will be doubled to $80 million / day.
The Russian Central Bank has suspended planned purchases of foreign currency and gold equivalent to around $40 million / day.
Instead, purchase of rubles with the Chinese Yuan will be doubled to $80 million / day.
Comments
Doesn't replace the 400k UA losses.
Unfortunately, just an armchair intellectual curiosity.
It suggests further decline of the Russian Economy, when economic power is needed to increase effectiveness of the military (think of it as a force multiplier)