The Central Bank of Russia has very limited liquid reserves. It could not do much itself to support the ruble if export earnings collapse, but it could try to tap Russia's "shadow reserves".
Will falling oil prices hurt Russia?
Will falling oil prices hurt Russia?
Will falling oil prices hurt Russia?
The Central Bank of Russia has very limited liquid reserves. It could not do much itself to support the ruble if export earnings collapse, but it could try to tap Russia's "shadow reserves".