Re:McDonald’s to Exit from Russia
by roguas on Monday May 16, 2022 @07:10PM
(#31404150)
I am almost sure there is such market. If you visit Russia somehow, you are likely to exchange currency with citizen at beneficial rates. Chances are its very similar to pre iron curtain fall - people made fortunes in Poland on such exchanges. Same thing in Cuba, there were two currencies - one local, one for internationals(unsure how it is now).
[ Parent
| on HN ]
No, Moscow is fine and you can buy foreign currency freely now. This is a delusion based on Western politians' loud promises which never came true. We were promised crushing sanctions that would reduce Russian economy to 1980's style rubble with black market of foreign currencies. It's all just a load of hype. It's important to set this clear because most of HN commenters seems to be under impression those sanctions actually had intended effect.
Can you buy a new car with all this money?
Yes. It's more expensive than before, but there's a thriving market on Telegram with prices fixed in EUR/USD. Also Chinese cars sales are growing and soon market will be flooded.
So second hand at black market rates. Sounds like sanctions are working after all.