Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Gunslingr3

Sucks to be stuck with more currency than one knows what to do with. I guess.


2 posted on 09/12/2023 7:31:24 PM PDT by BobL (I eat at McDonald's and shop at Walmart, I just don't tell anyone)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: BobL
Sucks to be stuck with more currency than one knows what to do with. I guess.

You misunderstand, it's stuck where they can't get it out.

India is working Russia both ways on the oil deal. They're enjoying a global discount, and then they're sticking the payments into Hotel Kaalifornia.

It's as if you sold me oil, and I told you, "Here's the payment, I've put some money into my savings account on your behalf."

"You want the money? Sorry. Maybe I can sell you something of mine instead? You have no other choice. Thank you, come again!"


4 posted on 09/12/2023 7:38:31 PM PDT by Gunslingr3
[ Post Reply | Private Reply | To 2 | View Replies ]

To: BobL

Russia’s accumulation of rupees is not convertible into useful stuff or another currency. So the currency piles up as numbers in an account with little real world value.


18 posted on 09/12/2023 10:01:16 PM PDT by Rockingham
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson