[s1artibartfast]

Look at the spread at the Bank of China ( China's largest bank and foreign exchange).

They are buying rubles 10.75 RMB and selling at 12.5 RMB. They are selling USD add 674.

This gives 63 rubles to the dollar.

The fact is that major economic powers in the world have not signed onto sanctions and have access to both Russian and Western currency.

It is true that many parts of the West have lower need for rubles because of sanction, but if you I think that the entire Globe has frozen trade with Russia and trade in Russian currency, you are the one that has fallen for propaganda. They just no longer can use western exchanges to convert currency. See the link below.

https://www.google.com/amp/s/markets.businessinsider.com/new...

[lostmsu]

That's a huge spread, which is exactly what I was talking about. You buy 1$ for 63 rubles on that bank chances are the 2nd dollar will cost you 64 rubles. Need to see the order book and market depths at different prices. High spread also means there haven't been many trades recently.

[s1artibartfast]

Did you read the link? $703 million worth of rubles is being traded a week, and that is just yuan and just one exchange.

So far you have changed your position from you can't trade it at all to the spread might become incrementally worse if trade exceeds 700 million US dollars worth a week

[lostmsu]

First of all, that's the volume they claim themselves.

Second, this exchange is in Russia. Can you actually move your "yuan" from that exchange to China or anywhere outside the country?