Because Uncle Volodya is having his year end live news conference and phone in. So the central bank will be there to soak up any selling.
What’s a few billion in hard currency against the President’s saving face?
Because Uncle Volodya is having his year end live news conference and phone in. So the central bank will be there to soak up any selling.
What’s a few billion in hard currency against the President’s saving face?
There won’t be a bad time to sell the Rouble for the foreseeable future.
And the Swiss have put their interest rate to negative. Pure coincidence, I’m sure.
Seen on twitter:
You should keep your monye in roubles, because nobody’s going to look for it in a bag of roubles…