The Russian ruble is a rather volatile currency. Therefore:

a.

The bid-ask spread is likely to be wide.

b.

Companies will be willing to have exposures in Russian rubles in an unhedged position.

c.

The market for Russian rubles is likely to be very liquid.

d.

There will be many foreign exchange dealers willing to hold Russian rubles.

e.

The bid-ask spread is likely to be narrow