The Belfry
  • Communities
  • Create Post
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
0x815@feddit.de to Europe@feddit.deEnglish · 2 years ago

Russia to force export companies to sell foreign currency earnings on Russian market at government-controlled rates as ruble has lost almost half its value over the past year

meduza.io

external-link
message-square
5
fedilink
74
external-link

Russia to force export companies to sell foreign currency earnings on Russian market at government-controlled rates as ruble has lost almost half its value over the past year

meduza.io

0x815@feddit.de to Europe@feddit.deEnglish · 2 years ago
message-square
5
fedilink
Russia to force export companies to sell foreign currency earnings on Russian market at government-controlled rates — Meduza
meduza.io
external-link
Russian President Vladimir Putin has signed a decree obligating 43 export companies in the energy, metallurgy, chemical, forestry, and grain industries to sell their foreign currency earnings on the Russian market at rates set by the government. The move comes as Russia seeks to “stabilize the exchange rate” as the ruble has continued to weaken over the past months. The ruble has lost almost half its value over the past year.
  • notaviking@lemmy.world
    link
    fedilink
    English
    arrow-up
    8
    ·
    2 years ago

    I remember when Zimbabwe did the same

    • awwwyissss@lemm.ee
      link
      fedilink
      English
      arrow-up
      3
      ·
      2 years ago

      Is that how they ended up printing 20,000,000,000,000 dollar bills?

Europe@feddit.de

europe@feddit.de

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !europe@feddit.de

News/Interesting Stories/Beautiful Pictures from Europe 🇪🇺

(Current Photo: Lukavica, 🇲🇪, Photo provided by @Nes@feddit.de) Feel free to post submissions for banner pictures

Rules

(This list is obviously incomplete, but it will get expanded when necessary)

  1. Be nice to each other (e.g. No direct insults against each other)
  2. No racism, antisemitism, dehumanisation of minorities or glorification of National Socialism allowed
Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 136 users / day
  • 314 users / week
  • 1.29K users / month
  • 3.11K users / 6 months
  • 1 local subscriber
  • 1 subscriber
  • 1.19K Posts
  • 14K Comments
  • Modlog
  • mods:
  • albert180@feddit.de
  • BE: 0.19.5
  • Modlog
  • Instances
  • Docs
  • Code
  • join-lemmy.org