alphacyberranger to World News@lemmy.worldEnglish • 8 months agoRussia hikes interest rates to 15% as inflation soarswww.bbc.comexternal-linkmessage-square79fedilinkarrow-up1435arrow-down17cross-posted to: worldnews@lemmit.online
arrow-up1428arrow-down1external-linkRussia hikes interest rates to 15% as inflation soarswww.bbc.comalphacyberranger to World News@lemmy.worldEnglish • 8 months agomessage-square79fedilinkcross-posted to: worldnews@lemmit.online
minus-square@amenotef@lemmy.worldlinkfedilinkEnglish2•edit-28 months agoOfftopic (because it has nothing to do with Russia): in Argentina the inflation of the local currency this year reached at least 100% annual. But people there use USD fiat for purchasing real estate. And use USD/EUR for saving. So even if the local currency is a mess, people moves using foreign currency for important transactions.
minus-square👍Maximum Derek👍linkfedilinkEnglish2•edit-28 months agoThe Bank of Russia (back when things were so bad they had to halt their stock market) has also forbid people for using more than small amounts of foreign currency. I believe people are limited to the equivalent of 10,000 rubles, or $100 per week.
Offtopic (because it has nothing to do with Russia): in Argentina the inflation of the local currency this year reached at least 100% annual.
But people there use USD fiat for purchasing real estate. And use USD/EUR for saving.
So even if the local currency is a mess, people moves using foreign currency for important transactions.
The Bank of Russia (back when things were so bad they had to halt their stock market) has also forbid people for using more than small amounts of foreign currency. I believe people are limited to the equivalent of 10,000 rubles, or $100 per week.