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Message
re: Russian borrowers money woes include their home mortgages
Posted on 12/14/14 at 4:08 pm to LSURussian
Posted on 12/14/14 at 4:08 pm to LSURussian
quote:
When I was working in Moscow, I'd see Russians get their pay in rubles and as soon as they got paid, they would rush out to the closest currency exchange kiosk on the street and sell their rubles for dollars. Dollars were king.
How common was attempts to "market time" this, saving as much as they could to look for a more favorable rate than current with the dollar.
Or was there no confidence at the time and they exchanged as soon as possible because they assumed it was all downhill.
1
Posted on 12/14/14 at 7:02 pm to Volvagia
The Russians I worked with kept their money in dollars all the time except when they needed to convert a few dollars for rubles to buy something.
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