Question
First Article: https://www.wsj.com/articles/how-russias-central-bank-engineered-the-rubles-rebound-11648458200 Second Article: Russians Relearn Black-Market Tricks to Get Their Money Out Please read the articles above and answer the following questions: 1.
First Article: https://www.wsj.com/articles/how-russias-central-bank-engineered-the-rubles-rebound-11648458200
Second Article: Russians Relearn Black-Market Tricks to Get Their Money Out
Please read the articles above and answer the following questions:
1. According to the first WSJ article, after steep initial losses in early March of 2022, Russian ruble rebounded with a help of Russian central bank and government. Please describe two strategies mentioned articles and how they helped Russian ruble to stabilize and even appreciate. Did these strategies work? You can answer this question by looking up USD to Ruble exchange rate over the past year (you can also find the chart in the second WSJ article).
2. According to the second WSJ article, after Russian central bank bank relaxed capital controls, Russians started to move money in large quantities abroad. What happened Russian households' money held in foreign banks? How else are Russians moving money abroad or try to get rid of Ruble holdings?
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