Posted on Jun 14, 2024
Panic in Moscow | Russian Banks ran out of Cash | Ukraine War Update
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Many Russians want to exchange ruble for dollar due to volatility. To keep US dollars from leaving the system, Russian banks are skewing rates.
"The dollar rate is flying up in many banks," the Bankrollo channel said in a separate post. "Norvik Bank has set a new dollar exchange rate—the bank buys at 50 rubles and sells at 200."
https://www.newsweek.com/moscow-stock-exchange-trade-halted-ruble-collapse-sanctions-1912161
"The dollar rate is flying up in many banks," the Bankrollo channel said in a separate post. "Norvik Bank has set a new dollar exchange rate—the bank buys at 50 rubles and sells at 200."
https://www.newsweek.com/moscow-stock-exchange-trade-halted-ruble-collapse-sanctions-1912161
Russians line up to buy US dollars as ruble plummets after new sanctions
Post-Soviet and international politics expert Jason Jay Smart said the "ruble is collapsing" in response to news of lines forming at money changers in Russia.
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