News for hackers. Stuff that matters.

A comment on Russia’s apparent resilience is being kept up by policy tricks and cash. Parent comment

Re:Russia’s apparent resilience is being kept up by policy t... by kilroy123 on Friday December 09, 2022 @10:50AM (#33922616)
Because the US dollar is the reserve currency of the world. This won't work if you're an isolated economy with a barely traded currency.
[ Parent | on HN ]
Re:Russia’s apparent resilience is being kept up by policy t... by Rury on Friday December 09, 2022 @08:18PM (#33928732)
Some people argue if the US were to lose its reserve currency status, this is likely how it would start. Nations doing QE, against a tightening dollar, and starting to seek doing international trade in currencies other than dollars. Russia is doing this now. China is also seeking to do the same with Saudi Arabia (https://markets.businessinsider.com/news/commodities/dollar-...).
[ Parent | on HN ]
Re:Russia’s apparent resilience is being kept up by policy t... by jollyllama on Friday December 09, 2022 @10:53AM (#33922660)
Sounds like "policy tricks."
[ Parent | on HN ]