Where finance and media intersect with reality

Russia’s special “K” account operation echoes communist practices

Screenshot 2022-04-01 at 09.43.14

There's a very reasonable counter narrative going around to the whole Russia is demanding roubles thing. It argues this is more a reserve management story than it is anything else. And this would be correct. Ultimately it doesn't matter what currency a country demands for its exports. The buyer just goes to the FX market […]


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