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Banks in Russia, like their counterparts in the rest of the world, are closed on weekends. I think the worry is that a sudden inside or external political or economic crisis will happen on the weekend inflicting the worth of the ruble to plummet or, worse nonetheless, concern the government will react by imposing currency controls and not enable rubles to be converted to dollars or euros. People then imagine that having dollars or euros gives a margin of economic security and even a method of escape if necessary.

The …