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Russian forex market has rolled back to the mid-1990s, says Russia's former minister of finance (theins.ru)

submitted 1 year ago by 0x815@feddit.de to c/europe@feddit.de

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Before 2022, the currency trading volume at the Moscow Exchange was two or three times as big as today, but "abandoning dollars and euros for settlements and a drop in the share of hard currencies contribute to the ruble's weakening," Mikhail Zadornov says. He adds that he "can't recall a situation when we had no foreigners at all [in the Russian currency market], be it banks or institutional investors.”

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[–] skankhunt42@feddit.de 1 points 1 year ago

Wait until the Putin regime is overthrown and you see the real numbers