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by netsharc 1497 days ago
Paul Krugman's guess[1] is that since Putin wants to sell a smoke-and-mirrors idea of "Everything is fine, Russia is winning!", having a number (the exchange rate) not match his bullshit would mean an obvious "This guy is full of shit" to anyone paying attention. So, he's made the central bank boss[2] (a respected competent lady, who rumors say tried to quit but was not allowed by Putin) do anything she could to make it look decent.

[1] https://www.nytimes.com/2022/04/01/opinion/russia-ruble-econ... [2] https://www.nytimes.com/2022/05/09/business/elvira-nabiullin...