Kremlin snuff box. 12/19/24
https://t.me/s/kremlin_secrets
A decision has been made about banning the dollar in Russia. It will be reviewed in two months
Vladimir Putin will not ban the dollar and euro in Russia for now. According to a source in the Central Bank, the President made this decision after a recent meeting with representatives of big business.
“The issue of banning the dollar was indeed considered ( as we wrote - ed. [ https://t.me/kremlin_secrets/4959 ]). But Vladimir Vladimirovich made the right decision. There will be no ban. And this means that there won’t even be a dollar at 400 rubles [ https://t.me/kremlin_secrets/4958 ].
The Central Bank is confident that this is exactly what the exchange rate of the American currency would be if it were banned. At the same time, it would still not be possible to ban the dollar and the euro. They would be sold on the black market, they would influence prices in the country,” our interlocutor noted.
In his opinion, next year the dollar in Russia will cost 120, maximum 130 rubles. “And then there are many factors that influence us - from how long the SVO will last to whether there will be new sanctions,” the source added.
Philosopher Alexander Dugin, one of the initiators of the ban on the dollar and euro [ https://t.me/kremlin_secrets/4988 ], confirmed to us that Putin refused to make the corresponding decision.
“But this is temporary. I know for sure that in 2 months the issue will be reconsidered. And the satanic American currency, I am sure, will be prohibited,” noted Alexander Gelevich.
Russian Central Bank meets tomorrow (20 Dec) to review interest rates.
2 full points (200 basis points) increase expected, to 23%.
That will hobble an economy...
Russian Central Bank left interest rates unchanged at its rate meeting (21%), surprising analysts, who expected a large 2 point rise.
I guess it wasn’t worth dying over.