General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsInexplicably... the Ruble Rallies to near pre-war levels
Do we have a Sanctions plan B?
https://www.bloomberg.com/news/articles/2022-03-28/ruble-rallies-to-strongest-in-a-month-paring-big-post-war-loss
The ruble is rebounding from the steep losses seen since Russias invasion of Ukraine, signaling that capital controls may be easing pressure on the currency as officials seek to counter the impact of crippling international sanctions.
The currency extended gains on Monday, advancing for a sixth straight session to close at 89.75 per the U.S. dollar, the strongest since soon after the outbreak of the war late last month.
Capital controls are designed to keep U.S. dollars in the country and also to restrict rubles from being converted into dollars, he said. If the ruble basically cant be sold, thats a policy that should support the ruble and be a way to stabilize the currency against intense selling pressure.
orwell
(7,753 posts)...buying an oversold condition.
Midnight Writer
(21,546 posts)BootinUp
(46,924 posts)they should be fine.
WarGamer
(12,103 posts)OAITW r.2.0
(23,813 posts)gratuitous
(82,849 posts)Then the dump. Buy in now if you really want to lose a lot of money.