Posted on 08/04/2023 5:41:02 AM PDT by marcusmaximus
The ruble has dropped against the U.S. dollar in trading in Moscow to it lowest level since the first month of the war in Ukraine.
The decline Friday to 95 rubles against the dollar continued the Russian currency’s consistent fall since the beginning of the year, when it traded at around 65.
That’s a drop of about 30%.
Friday’s value was its lowest since March 28, 2022, state news agency Tass reported.
(Excerpt) Read more at ktvz.com ...
Can’t wait for the magic new BRICS currency.
Because America is fighting inflation at home by raising interest rates the dollar is getting stronger against most world currencies. Since America and Europe have sanctioned Russia and forced the West’s businesses out of Russia the impact of the rising dollar in imports is more muted that it would otherwise be. Also this means that Russian exports are more profitable. Furthermore, it will spurred Russian domestic manufacturing because imports will be more expensive.
I am not saying that it is on balance good news for Russia but the rise of the dollar is going to hit American exports and manufacturing.
Putin’s ruble is now worth a USA penny. LOL!
IOW— Putin’s Ruble = one penny = 1¢. Hail the demented Tsar Vlad Putin.
Mexico’s peso fell enough against the dollar that a huge chunk of American industry moved to Mexico.... Just sayin’.
Remember when Biden said the ruble is rubble?
I wonder who wrote that line for him?
Ruble stronk like Peso!
This says more about the Dollar than the Ruble.
Gasoline is 0.58/liter in Russia, vs 1.08/liter in the USA
https://www.globalpetrolprices.com/gasoline_prices/
The Russian economy is doing just fine, we should be so lucky… thanks Joe Biden, thanks neocon warmongers.
Like I said, you commenting skill are rudimentary. Your sense of sarcasm is pathetic as well.
The west has sent so much material to the Ukraine that they are running out of weapons to defend themselves and they still cannot push Russia out of the Russian ethnic areas. Meanwhile the Biden sanctions are killing the Western economies, Europe’s in particular.
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