“This is old news. The ruble has been stable since interest rates were raised to 12%.”
>>>>
Look again!
It’s on the verge of 1 to 100 again against the dollar, despite the high interest rates.
I looked. The ruble touched 130 to the dollar when the war started, and now looks stable to me. And the head of the Bank of Russia, Elvira Nabiullina, is one of the best central bankers in Europe. She tried to quit when the war started, but Putin wouldn’t let her.
If you forced me to buy or sell rubles right now I would buy. But since I hate the serial murderer Putin with a passion, I certainly won’t.