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BULLISH ON RUSSIA? Ruble Rallies As Putin Calls for Oil & Gas Payments in Rubles
[Bloomberg] The ruble did drop 40% against the dollar in the week after the reserves were frozen, but 10 days later it had recovered more than half that loss. The ruble is now down less than 25% against the dollar and only 18% against the euro since Feb. 25. Financial conditions in Russia have also recovered significantly, according to the Institute of International Finance in Washington. Some of this is more guesswork than normal because the country’s stock and bond markets aren’t fully trading.Posted by: Crerelet Cheaper9206 2022-03-24 |
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