Considering the hoops they’ve jumped to support it yes, but the rate was reasonably stable from August 2023 to September 2024.
But the “circus” started already February 2022, and since then Russia has used all sorts of tricks to keep the Ruble high.
Russia basically banned currency trading already back then, so it’s been almost like the Soviet times since.
It was already collapsing a year ago.
Considering the hoops they’ve jumped to support it yes, but the rate was reasonably stable from August 2023 to September 2024.
But the “circus” started already February 2022, and since then Russia has used all sorts of tricks to keep the Ruble high.
Russia basically banned currency trading already back then, so it’s been almost like the Soviet times since.
It did recover quite a bit in the first half of this year but is collapsing again since August.