- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
cross-posted from: https://lemmy.zip/post/52170574
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Isn’t the bigger news that Indonesia is doing the same? I would say that this is a coordinated efford by China and those are only the first countries.
So… If the Rubble loses much of its value, then the Russia won’t be able to pay these back at all?
China can just forgive these. It has sufficient slack and willpower to manipulate its monetary supply and exchange rates
That is, if China owns them. You can also buy them to hedge against a falling Dollar.
The bet is that if they switch rubles for yuan now, they’ll still have value when the ruble crashes.
