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by oneTbrain23
1014 days ago
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Russians still use ruble, usd, rmb, yen, rupees and barter trade EASILY. Half the world trade data now gone dark. Just go read up Russians still working with Japanese on the oil rigs there. Chinese banks still trade with Russians. Gold still flow thru international market from Moscow thru China thru India thru any buyers even if he is sitting next to Biden. Get a friend who lives in Moscow or any cities in Russia. They are not facing sanctions starvation. They actually having economic boom right now. Their supermarkets are actually fully stocked. While my local walmart store closing down due to thieving. |
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russia and north korea saw that making western companies (some of which can pay up more than entire government budget in some of these countries) transfer rub or whatever is not working for many reasons (eg. if banks allowed it it would implicate the government etc). So their ransomware gangs use crypto now.
Russian ruble exists in name only. Well, it is used in country as normal for now, but it's nearly illegal to buy foreign currency in useful amounts so official exchange rate means nothing.
In truth if you want to actually help Russians/NKoreans, cutting money supply/laundering mechanisms for the elites would be a big step in that direction and crypto is a big big part of that now.