Retard here. How can you set a ceiling for exchanges when the currency is worth less?

Retard here. How can you set a ceiling for exchanges when the currency is worth less?

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By using your reserves. You set a trigger point at which your central bank will sell convertible currency reserves on the open market to bring the exchange rate down.

Big picture, if that's more than what it's worth, that will slow down trade and the economy in general. It will recover normally. Just depends on how far out of line that is.

they are just delaying the inevitable, and also burning through reserves.

your post is too educated for this website i cant tell if its true.

They have a computer that buys roubles using foreign currency in reserve if the market rate goes beyond limits. Hundreds of billions of usd/eur will be wasted on this

Well I guess if they refuse to trade rubles for dollars they can control the cash value relative to the dollar, they made it illegal to sell bonds to foreigners to prevent soros from crashing their bond market and they tripled the interest they are paying to try to keep capital in the banks, they should just return to a gold and silver standard ruble, fuck the globalists good.

interesting, what will the effect be on the dollar as russian buys itself out with our currency?

nothing matters because none of those currencies are backed by anything and their values are completely arbitrary.
reminder that the fed fabricated over 65 trillion dollars since 2008 and had it classified for an additional 10 years on top of the standard 2 year non-disclosure period.

Short answer is you can't. Their biggest trading partner, China, will NEVER accept something like this long term.

Russia is trying to stall for a miracle.

>Retard here. How can you set a ceiling for exchanges when the currency is worth less?
The same way you stop people buying drugs, you make it illegal and then have enforcement track down people breaking the law.

Pretty much. That's why we're seeing all this inflation. They passed a 1.2 trillion$ 'infrastructure' law. They're just taking the money from us backhandedly.

It's all funny money, you can set whatever.

Basically they will take a loss for you.

Pump money from Foreign reserves, utill you can (i.e. not for long)
They even start forcing russians to sell theyr assets in foreign currencies to do that.
It's like putting a bandaid on a slaughteredbody

We do have a lot of crossposting with Any Forums, a chunk of the people there aren't just gambling on shitcoins.
He's right on the money.

they have enough reserves built up that it can last for a while

At about 57:00 the financial times specifically asks him by he is building up such a reserve. Putin knew that if it came to war they would need a cushion
youtu.be/FbY0VpyjtuI

So, are they setting a floor, or trying to up it? I'm ill informed.

They cant - it's just bureaucratic decission. They can try to force it for few days as long as they have foreign currency to sell but thats it. It's just a wish, they can't dictate world's forexs markets. Ruble is done, there is no need to watch the rates. It's done. As are all Russian stocks. They just don't open the exchange. Picrel what is happening at London for all Russian stocks.

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>gold and silver

Too late. They will have to nationalise all their big companies and go full North Korea. We are wittnessing the end of Russian Oligarch era.

It's how every country that doesn't have a convertible currency operates their exchange rate. Nobody lets it float completely by itself.

Bitcoin holders: "Bullish"

>Picrel what is happening at London for all Russian stocks.
That means the supposed 'globalist' Putin is against, will just buy up all their shit. Retarded.

I think that's exactly what they will do. Nationalize. That's what America did under Trump. That's why America is no longer a legitimate nation anymore. It's a controlled economy that doesn't allow dissent or economic freedom or even elections now. It's unironically over.

>be russia
>Suddenly have tons of USD and Euros you cant use due to sanctions
>Offer to buy citizens RUB in exchange for currency you cant use at a rate you set
I don't see whats so difficult to understand OP

Yes. It's a floor on how far the value relative to the USD or EUR can go before they sell a bunch of their foreign currency reserves.

>That means the supposed 'globalist' Putin is against, will just buy up all their shit. Retarded.
Unlikely, hedges will more likely be shorting the living shit out of it.
Number go down, short.
Number go up, long.
If the companies end up being nationalized though, that's going to fuck a lot of traders up.

they buy if it falls bellow that price?


their reserves are getting frozen anyways in a couple days
may as well use them before that

Russia is buying back its own money. It’s more of a band aid at best

oh good
another schizo thread