[–] WalterGR 4y ago ↗ FX = forex = foreign exchangeIn this context, it means holdings of monetary value not denominated in Rubles.
[–] alangibson 4y ago ↗ The collapse of the ruble is well under way. I've been watching the USD/RUB spot rate this morning, and the graph line is roughly vertical.As a side note, German language news is reporting that Sberbank Europe is insolvent or soon will be. [–] trompetenaccoun 4y ago ↗ The Euro has given as well. To be honest I expected much worse for the RUB, was surprised that it isn't that bad (yet?) [–] alangibson 4y ago ↗ Same here. I thought the bottom would absolutely drop out, but now it's looking like it doesn't want to drop more than 25%.
[–] trompetenaccoun 4y ago ↗ The Euro has given as well. To be honest I expected much worse for the RUB, was surprised that it isn't that bad (yet?) [–] alangibson 4y ago ↗ Same here. I thought the bottom would absolutely drop out, but now it's looking like it doesn't want to drop more than 25%.
[–] alangibson 4y ago ↗ Same here. I thought the bottom would absolutely drop out, but now it's looking like it doesn't want to drop more than 25%.
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[ 3.2 ms ] story [ 25.8 ms ] threadIn this context, it means holdings of monetary value not denominated in Rubles.
As a side note, German language news is reporting that Sberbank Europe is insolvent or soon will be.