Russia’s reserves fully cover nation’s internal & foreign debt for 1st time ever – Putin — RT Business News
Russia’s foreign exchange reserves can now cover all of the debt owed by both the government and domestic businesses, Russian President Vladimir Putin has announced. “For the first time in history our reserves fully cover foreign debt, including government and commercial sector debt,” Putin said addressing the Federal Assembly in Moscow on Wednesday. The country’s external debt amounts to $453.7 billion, while its international reserve funds stand at $475 billion as of February 8, 2019…
All Russian debt is covered if need be…
Why? What ya need that bad?
Seriously; can the country you live in say that? Or does your country that you live in, borrow money, print money and steal money to try to make ends meet. Do you live in a debt society?
It is nice living in Russia, almost all people are debt free and if they are not then they fell for the propaganda and borrowed money to buy something they did not need…
Svetochka and I live totally debt free. We do not borrow money to buy anything. We could borrow money….Sveta and I both have immaculate credit. But why go into debt?
WtR
PS: Foreign-exchange reserves (also called forex reserves or FX reserves) is money or other assets held by a central bank or other monetary authority so that it can pay its liabilities if needed, such as the currency issued by the central bank, as well as the various bank reserves deposited with the central bank by the …
PSS: Give Russia lemons they make lemon aide, give the U.S. lemons and they throw them at you…. Hmm…