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posted 2 years ago by GoldenPlains 2 years ago by GoldenPlains +95 / -1

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▲ 20 ▼

– AbleistSL 20 points 2 years ago +20 / -0

Venezuela's currency is fiat and thus only backed by government order. Russia is fixing theirs to gold and thus the exchange rate for the money is connected to the exchange rate for gold in other countries.

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▲ -12 ▼

– RealDrJester -12 points 2 years ago +1 / -13

Isn't that exactly what Venezuela did with the dollar years ago and today they have the black market and the official market?

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▲ 8 ▼

– Soperp 8 points 2 years ago +9 / -1

no the opposite

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▲ -3 ▼

– RealDrJester -3 points 2 years ago +1 / -4

Explain

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▲ 4 ▼

– deleted 4 points 2 years ago +5 / -1

... continue reading thread?

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2024.12.01 - 48gzt (status)