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To maintain its hard currency reserves, the RCB relies on the obligation of all exporters to convert half their hard-currency earnings into rubles.
into rubles.
11. "The buck stops here, where we launder it back into rubles".
Beijing would pay Gazprom in that currency (convertible into rubles); Gazprom would accumulate the yuan; and Russia would then buy myriad made-in-China goods and services in yuan convertible into rubles.
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Renaissance grew quickly by moving into ruble-denominated bonds ahead of most rivals.
In less than an hour, the old man had parlayed twelve kopeks into sixty rubles, until his companions had nothing left to gamble.
And it's BitGold's job to make that connection, spinning gold into dollars, rubles, yen, or whatever else its clients want.
So the shift from rubles into dollars that I foresee will call into question the ability of the banks to service this foreign debt.
Nothing could insulate Tariko from the Asian economic crisis that cascaded into a ruble devaluation and debt default in 1998.
The Russian central bank founded Micex as a market for trading rubles into foreign currency legally, something that had been tightly regulated in the past.
In place of bombs and artillery, Moscow is pouring billions of rubles into a postwar Chechnya to support and mollify its chosen leader, President Ramzan A. Kadyrov, a former guerrilla who once fought against Russian troops.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com