Rubles are traded over normal ForEx venues. Shouldn't be a problem.
Right now $1 = 81.5942 rubles.
The problem will occur if your rubles are in an account that can be seized by a government.
Wow. I believe it was 88 this morning.
USD is going to the toilet because Russia looked at sanctions, LOL'd, and announced it will only accept rubles or gold for energy sales.
Game over petrodollar, you blew it all up.
I expect the Ruble will rise much more. The federal reserve note, not so much.
As the USD loses customers, we're going to feel a hurt. Of course this will incentivize domestic production of goods.
We'll see how it plays out.
It was 158 at the low last week or two.
Was 77 normally.
Seems like it's recovering nicely in spite of sanctions.
\o
"The problem will occur if your rubles are in an account that can be seized by a government.'
Is there any way to avoid that? Can you trade in foreign countries from America via computer so foreign account is harder to seize?
What countries are friendly to investors and are less likely to seize accounts if the USA decides Americans can't own rubles?
Find a brick and mortar currency exchange, buy them there and hold the physical rubles.
That or high volume trading into/out of an intermediary currency but retail currency exchange speculation is pretty hard to make a profit off of because of the fees associated with it.
You simply need to take delivery.
Check with the bank first to see if your account held this way will cause any problems (violates any laws) for you or the bank:
Open a swiss bank account online. Ask to have deposit converted to and held in rubles.
Swiss bank account thing sounds good. Never have done that. Time to try I guess
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