It only goes up and up, for the glory of the motherland /s
FirlatAtGitsin on
A note: to actually calculate how much value ruble lost, you need to look at Ruble:Dollar, and it makes it seen even more miserable
TiberiusGemellus on
Can someone explain what it means?
dat_9600gt_user on
What’s going on?
linuxares on
But how like loaf of bread and milk gone up in price because of it? I understand luxury items might get affected by the basic goods?
Icy-Peace-5059 on
no the drags dont
Chaotic_Mind_Paints on
Apparently a report from Alfa-Bank, the biggest private bank in Russia, has prompted all this.
According to the report, inflation is going to hit 13% and interest rates are going to hit 25% between December and January.
Vybo on
Can you even buy RUB anywhere these days? Can anyone spend RUB anywhere? Besides China/NK. If not, the exchange value does not even matter, since it’s useless currency outside of their country.
jsnmnt on
What you all miss is that weak but controllable ruble rate is good for the Russian government since they sell gas and oil for dollars, euros etc but pay to the soldiers in rubles.
What European countries should do to break Russia is not to impose new sanctions that they cannot enforce but shower Ukraine with arms and missiles, and revoke all the restraints of using them. That would be much more effective.
Snusmumrikenx on
To the moon!
jr5mc1lio03fbc4zqsf8 on
Holy Shit it gets worse every day lol 🍿
Andreas1120 on
Its OK they don’t buy from USA or Europe
What is it against the yuon or rupee?
dege283 on
Well that’s a nice hockey stick
Capitan-Libeccio on
If you want to understand how much is Russia REALLY fucked, i suggest you follow this lady [https://bsky.app/profile/prune602.bsky.social](https://bsky.app/profile/prune602.bsky.social)
Her threads on Russian railways and Government bonds are illuminating, and her predictions are very often on point.
The only real question is whether Russia will crash before destroying Ukraine as well, or if this spiral will be distructive for everyone involved; but the spiral is inevitable now.
Symphantica on
Possible inflation from BIIIIG borrowing for military purchases?
Vegetable_Tackle4154 on
I would compare the ruble to Trump University.
mega-stepler on
As a Ukrainian I hope it never stops.
showmiaface on
Good!
limpleaf on
What does this mean for BRICS?
Maje_Rincevent on
It’s still a lot lower than in march 22, it’s probably a good idea to wait and see how this turns out in time before rejoicing too much.
FormerEmu1029 on
GME part two
Additional_Net_9202 on
Moar!!
SwordOfArey on
The problem is that sanctions are supposed to put pressure on a country and its influential people, forcing them to take certain decisions to get rid of sanctions.
But in reality, when sanctions are imposed on authoritarian regimes, they simply compensate for everything at the expense of their population.
LanceSniper on
For the vast majority of people they don’t think long term about things like this.
Your country can spend money as fast as it can, until the last dollar.
You can fire a machine gun right up to the last bullet.
A well provisioned back stock looks identical to healthy supply chain.
From an outside perspective with no inside information a great many things can look healthy and well supplied right up to the point where they run out.
ghe5 on
Whoa, 114.5 rubles per USD already? What is this, a new stage of the Russian space program?
adalgis231 on
They work long term and they hurt very much. Alt right voters are too idiot to understand
lonigus on
Do not understimate the ability of the common Russian folk to tighten their belts. They have a lot of experience with eating nothing but potatoes with salt for years. Most of the russians do infact complain and protest, but only inside their homes and in silence. I traveled across Russia and I spoke with many people from many social layers and almost everyone hated where Russia is heading, but only behind closed doors. .Once they were sure Iam not russian and I wont snitch they opened up quite a bit.
37 Comments
Is there any way they can stop the Russian ruble from falling?
They’re not supposed to work immediately or in a month or within a year, in the long run it will , and can be devastating.
See!? The chart is going up, that means The Glorious Mother Russia is prospering, despite the rotten west’s attempts! /S
My bet is that it will hit 120 or even 130 before Friday evening
I’m checking it every few hours today and I am surprised every single time.
Meanwhile in Russia TV:
Exports are up!
Holy shieeet.
It crashes faster and faster. Wtf is going on over there. Something must be happening behind the scenes, no way the currency loses 10% on a normal day
The question is whether the sanctions will remain after January 20th
More is More so russia is doing great /s
Russia is being artificially kept afloat by China, Iran, and North Korea.
https://g.co/kgs/9Ge9cTW
They’re plugging a hole in a sinking ship.
It only goes up and up, for the glory of the motherland /s
A note: to actually calculate how much value ruble lost, you need to look at Ruble:Dollar, and it makes it seen even more miserable
Can someone explain what it means?
What’s going on?
But how like loaf of bread and milk gone up in price because of it? I understand luxury items might get affected by the basic goods?
no the drags dont
Apparently a report from Alfa-Bank, the biggest private bank in Russia, has prompted all this.
According to the report, inflation is going to hit 13% and interest rates are going to hit 25% between December and January.
Can you even buy RUB anywhere these days? Can anyone spend RUB anywhere? Besides China/NK. If not, the exchange value does not even matter, since it’s useless currency outside of their country.
What you all miss is that weak but controllable ruble rate is good for the Russian government since they sell gas and oil for dollars, euros etc but pay to the soldiers in rubles.
What European countries should do to break Russia is not to impose new sanctions that they cannot enforce but shower Ukraine with arms and missiles, and revoke all the restraints of using them. That would be much more effective.
To the moon!
Holy Shit it gets worse every day lol 🍿
Its OK they don’t buy from USA or Europe
What is it against the yuon or rupee?
Well that’s a nice hockey stick
If you want to understand how much is Russia REALLY fucked, i suggest you follow this lady [https://bsky.app/profile/prune602.bsky.social](https://bsky.app/profile/prune602.bsky.social)
Her threads on Russian railways and Government bonds are illuminating, and her predictions are very often on point.
The only real question is whether Russia will crash before destroying Ukraine as well, or if this spiral will be distructive for everyone involved; but the spiral is inevitable now.
Possible inflation from BIIIIG borrowing for military purchases?
I would compare the ruble to Trump University.
As a Ukrainian I hope it never stops.
Good!
What does this mean for BRICS?
It’s still a lot lower than in march 22, it’s probably a good idea to wait and see how this turns out in time before rejoicing too much.
GME part two
Moar!!
The problem is that sanctions are supposed to put pressure on a country and its influential people, forcing them to take certain decisions to get rid of sanctions.
But in reality, when sanctions are imposed on authoritarian regimes, they simply compensate for everything at the expense of their population.
For the vast majority of people they don’t think long term about things like this.
Your country can spend money as fast as it can, until the last dollar.
You can fire a machine gun right up to the last bullet.
A well provisioned back stock looks identical to healthy supply chain.
From an outside perspective with no inside information a great many things can look healthy and well supplied right up to the point where they run out.
Whoa, 114.5 rubles per USD already? What is this, a new stage of the Russian space program?
They work long term and they hurt very much. Alt right voters are too idiot to understand
Do not understimate the ability of the common Russian folk to tighten their belts. They have a lot of experience with eating nothing but potatoes with salt for years. Most of the russians do infact complain and protest, but only inside their homes and in silence. I traveled across Russia and I spoke with many people from many social layers and almost everyone hated where Russia is heading, but only behind closed doors. .Once they were sure Iam not russian and I wont snitch they opened up quite a bit.