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Elusive Development

A blog about development challenges in the developing world

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Tag: Russian economy

Overvalued for Whom? The Ruble in a New Hierarchy of World Money
  • Dmitry Pozhidaev
  • December 19, 2025

Overvalued for Whom? The Ruble in a New Hierarchy of World Money

Here’s a piece in the Kyiv Independent trying to solve the riddle of the ruble’s strengthening in 2025. The ruble has strengthened despite what Konstantin Sonin calls the “classic macroeconom

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