MY friend in Russia told me this mostly true but it makes no difference as Russian people are not allowed to buy dollars or sell dollars for Rubles. Every transaction between dollars and Rubles is conducted in the black market.
This is correct. Also important to note: When a currency changes value, the people within that country see no difference in prices except on imported goods or on domestic goods that use imported materials. If Russia does not import much, the value of the Rubble won't mean much to them.
MY friend in Russia told me this mostly true but it makes no difference as Russian people are not allowed to buy dollars or sell dollars for Rubles. Every transaction between dollars and Rubles is conducted in the black market.
Truth....
...and in the "exchanges"....
It matters to the average Russian because it lowers the price of imported goods.
This is correct. Also important to note: When a currency changes value, the people within that country see no difference in prices except on imported goods or on domestic goods that use imported materials. If Russia does not import much, the value of the Rubble won't mean much to them.