Quote from: be.open on June 09, 2022, 07:24:49 PM

Quote from: Xylber on June 09, 2022, 06:44:22 PM

EDIT: Yes, Russia limited by law the amount of RUB to USD you can exchange: https://www.washingtonpost.com/business/2022/03/08/ruble-dollar-exchange-barred/

This is a very old article from the beginning of March, the information in it is not up to date at the moment. Today, Putin canceled the mandatory sale of foreign exchange earnings for exporters, yesterday the Central Bank of Russia increased the export limit from $50,000 to $150,000. Russia is trying in every possible way to weaken the rapidly strengthening ruble, because it is unprofitable with a large positive trade balance. So far, it is not working out very well, apparently the Central Bank will again reduce the key rate in the near future.

Well, today the Central Bank of Russia lowered the key rate from 11 to 9.5%, let's see how effective this measure will be.