WallStreetBets: Putin expelled from Taylor (SWIFT) Swift Concerts. Sam Batchelor #FriendsofHistoryDebatingSociety

Feb 28, 2022, 12:58 AM

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Photo:  Basel: Bank for International Settlements

The decision to exclude various Russian lenders from the SWIFT messaging system could result in missed payments and giant overdrafts within the international banking system, and spur monetary authorities to reactivate daily operations to supply the market with dollars.   . . .  The Russian ruble, which weakened 6.9% to 83 per dollar last week, will be in sharp focus when onshore trading starts Monday. Russian bonds were cut to junk by S&P Global Ratings on Friday.

WallStreetBets: Putin expelled from Taylor (SWIFT) Swift Concerts. Sam Batchelor #FriendsofHistoryDebatingSociety

https://www.theguardian.com/world/2022/feb/27/swift-action-at-last-brings-meaningful-sanctions-against-putin-regime

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Basel: Bank for International Settlements
16 September 2014  ;  Source | Own work  ;   Author | Taxiarchos228

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