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Re:Ask HN: Why did the ruble stabilize and what's going on? by CamperBob2 on Saturday April 23, 2022 @06:22AM (#31132871)
Not an economist, but my understanding is that they propped up the ruble by requiring it to be used for transactions that could previously have settled in other currencies, and by forbidding certain foreign currency purchases. If you can't buy dollars, it doesn't matter what the exchange rate is.

Obviously that won't work, long term.

Re:Ask HN: Why did the ruble stabilize and what's going on? by NoPie on Saturday April 23, 2022 @07:12AM (#31133233)
I heard that the black market rate is something around 120 RUB per dollar which is almost double the official rate.
Re:Ask HN: Why did the ruble stabilize and what's going on? by crownvic on Saturday April 23, 2022 @10:34AM (#31134619)
Nope. 88-91 RUB/USD if you want to buy crypto (something like USDT), and 83 RUB/USD if you're buying something at Aliexpress (i.e., buying from China and paying in USD).