The question of exchange rate and willingness to accumulate each other's currencies is the big.

Just looking at ATM transactions. One country (say Russia) will accumulate more of the other country's currency.

So if more Iranians visit Russia and withdraw cash from ATM. Russia's Rial balance would be much higher than Iran's Ruble balance.

Russia can use it to import from Iran. But that requires Iran to have things to export that Russia wants. If Iran has trade/current deficit, Russia will continue to accumulate "excess" Rials.

Another option for Russia would be to invest the Rials in Iran but Russia wasn't willing to do that (different example) with India and demanding Chinese Yuan instead.

Yet another option would be for Russia to find someone else willing to hold Rials in foreign exchange markets. Eg China (it could be a Chinese business, Government, individuals) has a desire to accumulate Rials to import oil from Iran. But that requires foreign exchange markets to have enough liquidity.

This happens with Dollars too. China has accumulated literally trillions of Dollars for instance. And it's continued willingness to hold Dollars is the only reason why US has a trade/current deficit.

Its the main issue with local currency payments. Countries can get quite selfish especially under the capitalist system.

Letter MITM attack

Math

It's difficult to tell which part of this he is serious about. Irony poisoning.

Comparing alleged street thugs to the American deep state.

Its like comparing a burglar to a capitalist.

He thinks he's spitting

I don't think there is any need. Users can block the comm if they want.

Yes the Government is only holding together because of the coalition.

BJP lost, coalition won.

Tbf in case of India, Modi lost his majority and vote share.

you weren't completely wrong. didn't their internal polling show Trump would get >400 electoral votes if he ran against Brandon

i just tune out the music. though for movies i like 1x.

couldn't be me

The Central Bank has progressively raised rates since the second quarter of 2023 in a bid to control persistent inflation and support the faltering ruble. However, the soaring cost of borrowing is now pushing many companies toward a dangerous debt spiral, with interest payments consuming one out of every four rubles they earn.

Ridiculous they are still keeping that 21% rate, it was somewhat understandable for the first few months after Feb 2022 to reduce capital outflows but they should've lowered it soon. Really goes to show that they have the same brainworms western aligned central bankers have on interest rates being a tool to control inflation.

Thing is, in the west, the rates were never this high to cause such carnage (other than under Paul Volcker, another ghoul). Central bank 'independence' and its consequences.

I'll step up to 240V

u/birdflufutures

they were fighting to raise unemployment using interest rates (didn't work well)

https://www.msnbc.com/opinion/msnbc-opinion/tim-gurner-australian-ceo-unemployment-video-rcna104957

One reason I can think of is that capitalist economies don't operate at full capacity. So if wages are raised, people have more money to spend.

So a Borger shop sells 100 borgs a day but workers can make upto 150 borgs a day. An increase in wages will lead to increase in demand for borgs (say 140 Borges) and increased profits.

The capitalist may even hire additional previously unemploymed workers who can now buy Borgs.

Similar things happen in other direction too. Company sees a store is unprofitable, shuts it down, people have less money to spend. This may not be a problem if it's just one but if many close at once, the whole chain becomes unprofitable. Fallacy of composition.

Yea no one was thinking about that. Blacklist, whitelist stuff all over again .

And it's not clear whether it's even about its "racist origins" that's just the reason provided.