When the exchange rate plummeted again, the Kremlin urged the five largest state-owned exporting companies to exchange a portion of their assets into rubles, leading to another overshoot, followed by yet another sharp decline. Clearly, such uncoordinated interventions are exacerbating currency-market turmoil, with the ruble’s value fluctuating by 5% – and as much as 10% – in a single day.
当汇率再度暴跌时，克里姆林宫敦促五家最大的国有出口公司将部分资产兑换为卢布，这导致了又一次过度反弹，然后是又一次急剧下跌。显然，这些不协调的干预加剧了货币市场的波动——卢布价值一天之内可以震荡5%乃至10%之多。