@andersostlund of total reserves only $190bln are liquid and $200bln are physical gold that CBR is extremely reluctant to sell.
@CoalsonR
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@burgherreview
@CoalsonR Not only that. A lot of the reserves are useless bonds from companies they have rescued.
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@andersostlund@coalsonr Reserves can't save the ruble, bail out companies,pay for Putin's invasion of Ukraine. -
@stephenalbert11@CoalsonR Exactly. One of them maybe but not all. Don't forget the overspending on security forces and armed forces too.
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