Haha you keep telling yourself that. There are many examples of artificial markets. Its easy to have a high value if no one can sell.
The common assertion that the ruble’s strength shows that Western sanctions are failing is wrong, experts say.
“You can break your windows. You can turn on the heating and then you can pretend that it’s summer outside,” was the analogy Kazāks offered. “The exchange rate is an imaginary number.”
Iikka Korhonen, the Bank of Finland’s Russia expert, agrees that the ruble’s rebound is a function of capital controls, not economic fundamentals.
“The ruble is not a freely convertible currency anymore,” he said. “So the official exchange rate isn’t terribly relevant.”
Indeed, fresh data from the Institute for International Finance highlights how illiquid the international ruble market is, implying that only Russia is trading in its own currency.
Every soverign has its risks currently, understanding and managing those risks is our job.
Good luck comrade
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43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $186.5M |
Open | High | Low | Value | Volume |
43.0¢ | 46.0¢ | 43.0¢ | $314.2K | 710.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10999 | 43.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 11793 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10999 | 0.435 |
3 | 87314 | 0.430 |
3 | 100000 | 0.420 |
3 | 72430 | 0.410 |
1 | 3684 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 11793 | 1 |
0.460 | 10000 | 1 |
0.465 | 16905 | 1 |
0.470 | 74326 | 3 |
0.475 | 100117 | 2 |
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