Is the ruble’s exchange rate tied to the price of oil



The author posted a question in Business, Finance

Is the ruble's exchange rate tied to the price of oil? and got a better answer

Response from Антон Владимирович[+++++]

Response from 0[+++++]
No one has tied or untied anything. The Central Bank will give us more surprises than this. A pack of burglars is getting rich off of this.

Response from 0[+++++]
Were they tied?

Response from 0[+++++]
The ruble is falling when oil is cheap, not because it was tied, this is a myth, but because of objective processes You are better to ask for more specific things that interest you.

Response from 0[+++++]
What does oil have to do with it if the Central Bank wants to sell foreign currency at a higher price to the population?

 

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