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20 sats \ 0 replies \ @premitive1 26 Jun 2022
Does the peg actually represent the number of Rubles in the economy, or are they simply praying they don't have a bank run?
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25 sats \ 0 replies \ @KingZing 26 Jun 2022
neither the currency is wanted/needed or they don't. What the currency enables are even more important than the currency itself.
Russia doesn't really have that many goods/services that cannot be replaced. No one can ignore the USD though, simply because of the trade it enables. If RMB goes gold backed that would be more interesting, given how much strong trade China has and still isn't slowing.
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20 sats \ 0 replies \ @Modus 27 Jun 2022
It is my understanding that Russia will not give you gold for the "pegged" amount in Rubles. Therefore it is not truly pegged.
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0 sats \ 1 reply \ @cryptocoin OP 26 Jun 2022
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20 sats \ 0 replies \ @om 26 Jun 2022
This is quite transparently a Putin shill. Not that he's wrong about hyperinflation, but
No. Just no.
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