I don’t get why the ruble is back to its pre-war level. I don’t necessarily think it matters but I’m just confused because presumably a lot of foreign buyers of Russian goods and services who would bid up the ruble’s price are now cut off.
ELI5 please
Conversation
They are backing it with gold.
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Do they have enough gold to do that? Is the link credible?
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Indian source. I have heard this argument made in a number of places over the course of this week. I felt the way you did until I heard this.
