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Post
Oliver Alexander
oalexanderdk.bsky.social
did:plc:re24z43mpixzjrgazz45yjuk
Last week the Russian Central Bank sold 1 trillion in bonds to the banks in order to raise money to cover the 2024 government deficit.
The banks lacked liquidity to buy, so now the CB is lending the banks money to buy its own bonds.
All while using the same bonds as collateral for the loan.
2024-12-09T11:35:32.111Z