Well yeah, no shit, it was kind of expected.
It lasted one more year than it should have but now the pressure will gradually and slowly build up on Russia’s side.
All Ukrainians have to do now is defend, chill out and wait.
Your move, Putin.
Well yeah, no shit, it was kind of expected.
It lasted one more year than it should have but now the pressure will gradually and slowly build up on Russia’s side.
All Ukrainians have to do now is defend, chill out and wait.
Your move, Putin.
This is the best summary I could come up with:
On Sunday, images were shared online of a small symbolic protest mounted in western Siberia: A building’s chyron kept repeating the message that “Putin is a dickhead and a thief,” calling the ruble’s exchange rate “crazy.”
Nonetheless, Russia’s central bank decided to freeze purchases of foreign currency on the domestic market through the remainder of this year to restore faith in the sliding ruble.
The economic situation in the United States by contrast is deteriorating fast,” then Fox News host Tucker Carlson, a chief critic of U.S. aid to Kyiv, said last April.
Nabiullina was celebrated for cleverly steering her financial system through the worst of the turmoil by placing a range of capital controls that quickly stabilized the currency and prevented mass outflows.
“They were a quick fix for the ruble in 2022, but are counterproductive in the long run,” wrote Janis Kluge, senior associate at the German Institute for International and Security Affairs, last week.
The Russian army is attempting to defend large swaths of territory seized in the early months of the invasion against a Kyiv counteroffensive boasting modern Western military equipment.
I’m a bot and I’m open source!
Wait, is this $0.01 American or Canadian we’re talking about
One Japanese Yen is worth 0.7 pennies today.
Ugh, don’t remind me (I get paid in JPY).
People aren’t talking about absolute value. Being worth 0.01 of one dollar or 300 of one dollar doesn’t say anything.
People are saying it with the context of the previous value.
If there is a headline saying Euro/dollar has reached 1.30, no one should be responding “so what, the Canadian dollar is 1.35”. Because everyone knows the context of Euro/dollar not being near that rate for a long time.
Misleading title
What’s misleading about it? His inner circle aren’t upset? He has an inner hexagon rather than a circle?
You see comrade, this is misleading title. The mighty Russian rouble is worth one mighty Russian Rouble.
How so?
What economic change will Putin make to stabilize the currency, besides raising interest rates?
I see the trend continuing. How long can the trend continue without social unrest?
Who wants to hold Russian currency?
The problem is so massive that the social implications are hard to grasp.
Shows that the $60 oil cap is working. The Russian central bank will likely raise interest rates to halt the slide. Unless Russia can boost it’s exports or reduce it’s imports there are no other options. Putin is unlikely to reduce spending on the war so in the end it is ordinary Russians who will bear the brunt of this.
Ordinary Russians either support the war or have no qualms with it. Maybe if it starts affecting their day to day life, some of them will change their stance.
