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
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Perhaps ECB bought Rubles through repo with Russian banks
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Bro what five year olds have you been talking to
What does "through repo" mean? And why would the ECB be doing this for Russia
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What about my reply makes you think I know all about this?
If you don't want to explain that's fine lol
My original post said ELI5 (explain like I'm 5)
Then you told me about central bank repos!
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