Wagerallsports
Wagerallsports
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Month ago, it was something like that 0.0133212136How much was the ruble to U.S. dollar before all of this started?
Do you think it Russia comes to it's senses, it will ever recover?Month ago, it was something like that 0.0133212136
Economically that's a bad choice. Other countries will need to buy rubble to pay for the gas, that's will increase the price of the rubble, but will cause internal inflation raise, with temps of hyperinflation. On the other hand, this is inevitable, because 1 - shortage of normal supplies needed for the manufacturing process, lowered production - increased prices, low variation of alternatives. After that, we are expecting the economy to shrink, which will lead to an increased unemployment rate, and finally, we will see a recession for at least 1 or 2 years.Putin plans to try and force countries to pay in rubles for resources coming from their country
So it's gone up??1 RUB = 0.01504 USD
So it's gone up??
It bounced back amid the sanctions? Am I missing something here?
I think it's because the western countries are required to buy oil and gas with ruble which leads to increasing the price of rubble. But also that i think this causing and more rapid increasing the inflation of the rubble especially in Russia. And yeah recession is behind the corner.It bounced back amid the sanctions? Am I missing something here?
Glad to know economy still shrinking.Russia is propping up the ruble with higher interest rates, and other measures to create demand.
Their economy is still shrinking like crazy though.
How Russia rescued the ruble
The Russian ruble lost nearly half its value when Russia invaded Ukraine. Since then, it has been the top-performing currency in the world.www.npr.org
The ruble is rising against foreign currencies, but Russian inflation is almost 20%. IMO it's only a matter of time before the ruble crashes with inflation that high.1 RUB = 0.01704 USD