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Re:Putin puts Russia’s nuclear deterrent forces on alert by notreallyserio on Sunday February 27, 2022 @10:48AM (#30489471)
What do you mean when you say "Sberbank - 1$ = 110,49₽" and "Tinkoff - 1$ = 153,75₽"? Are these different exchange rates for different banks?
Re:Putin puts Russia’s nuclear deterrent forces on alert by TestSIM1 on Sunday February 27, 2022 @11:14AM (#30489708)
Yes. You can purchase dollars in exchange of Rubles.

Previous week it was aprox. 80 Rubles per U.S. Dollar.

Now due to the White House's statement that there will be sanctions against the Russia's central bank (they shouldn't able to use the reserves to keep Ruble stable) it is predicted that Ruble will collapse tomorrow.

Re:Putin puts Russia’s nuclear deterrent forces on alert by notreallyserio on Sunday February 27, 2022 @11:17AM (#30489730)
It seems like too large a difference between banks, wouldn't this lead to arbitrage?
Re:Putin puts Russia’s nuclear deterrent forces on alert by svnt on Sunday February 27, 2022 @11:24AM (#30489798)
I believe currently only one of these banks can enable you to get your money out of Russia — thus the difference.
Re:Putin puts Russia’s nuclear deterrent forces on alert by Andrew_nenakhov on Sunday February 27, 2022 @11:13AM (#30489697)
He means that the local currency is set to depreciate by half in a span of a week. And the bottom might be far far lower.
Re:Putin puts Russia’s nuclear deterrent forces on alert by notreallyserio on Sunday February 27, 2022 @11:43AM (#30489997)
So these figures are from different times as well as different banks? If so then cool, that was the missing piece.
Re:Putin puts Russia’s nuclear deterrent forces on alert by TestSIM1 on Sunday February 27, 2022 @11:59AM (#30490167)
different banks? - Yes.

different times - No.

Re:Putin puts Russia’s nuclear deterrent forces on alert by notreallyserio on Sunday February 27, 2022 @12:48PM (#30490618)
How extremely odd. Wonder why the values haven't converged? Do people inside the country not have access to this information? What's stopping someone from buying 150 rubles for a dollar and then buying $1.40ish for those same 150 rubles?
Re:Putin puts Russia’s nuclear deterrent forces on alert by TestSIM1 on Sunday February 27, 2022 @01:36PM (#30491114)
I should have perhaps mentioned in the original post:

1$ = 152,3₽ (buying 1 US dollar)

1$ = 85,7₽ (selling 1 US dollar).

Just because you pay 152₽ to buy 1$ doesn't mean you can sell it at the same price. At least banks won't buy it.

According to banki.ru the best price for selling US dollar now is 94,00₽.

Hope that clarifies it.

Re:Putin puts Russia’s nuclear deterrent forces on alert by notreallyserio on Sunday February 27, 2022 @01:45PM (#30491215)
I see, the friction is in doing the reverse transaction. I guess you could find a buyer outside the traditional markets to complete the arbitrage transactions but that's going to be risky. Thanks for the clarification.
Re:Putin puts Russia’s nuclear deterrent forces on alert by Andrew_nenakhov on Sunday February 27, 2022 @04:45PM (#30492873)
In times of such turmoil the spread between buy and sell price becomes so vast that it'll shield the exchangers from such schemes.