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Russia says it will halt foreign currency purchases and launch a digital ruble to keep the currency from spiraling further (finance.yahoo.com)

submitted 1 year ago* (last edited 1 year ago) by Wilshire@lemmy.world to c/nottheonion@lemmy.world

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[-] afraid_of_zombies@lemmy.world 6 points 1 year ago

Also means that a black market is more difficult. If the various LEOs had their way all money would be digital.

As the currency falls people will start rejecting it. It is either

Inflation, scary levels
Price controls which will lead to shortages
Transactions being completed in an illegal currency such as Euros or USD
End the fucking war, rejoin the human race, and hope that you will he forgiven despite not being worthy of it.

this post was submitted on 12 Aug 2023

101 points (96.3% liked)

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