An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Monday, August 14, 2023
MMT Verify: is there pressure on the Russian Economy? — NeilW
Only Western reporters can answer how an increase in revenue is a ‘decline’ or a ‘weakening’, especially when export volumes are steady.
“ According to the International Energy Agency, Russian export revenues were $15.3 billion in July, $4.1 bn lower than in July 2022.”
ReplyDelete“ export volumes are steady.”
Yo, less $ per unit of measure means the ruble goes DOWN…, The exchange rate reflects the current terms of trade…