More importantly, compare how the Rubble is doing again the Yuan and the Rupee.
Spoiler Alert: it’s not doing well.
KehreAzerith on
Needs to honestly do a lot worse but let’s hope it does happen
Puzzleheaded_Age4413 on
Ca we short this?
Timely_Fly_5639 on
Tom_Petty_Free_Fallin.mp3
Fernet_Drill on
Ruble has been drinking tea and falling out of window
Common_Brick_8222 on
Looks like soon all Russians will become trillionaires
sonsabah on
Why dont they increase interest rate?
No_Statistician_7951 on
blyaat
4fallsofbills on
Guys guys come on just because the ruble is going down and interest rates keep getting raised, I promise somehow inflation is going down per Russia . You have to believe them. Their economy is doing good 👍🏼 lol.
AirEither on
I also enjoy how Russians and ppl believe that the US dollar will collapse and we’ll be screwed…. When people don’t realize China or Russia’s currency can collapse and THE REST OF THE WORLD wouldn’t be screwed…. But if USA dollar collapsed lol THE ENTIRE WORLD WOULD BE SCREWED.
Educational-Ant-7232 on
can you 1 ruble notes? I’d like to use them to start my campfires from now on.
Karash770 on
Just plunged back down to 113. Probably some large scale stabilization effort.
Fatboystoich on
My son asked me for a million rubles. I said, “9000 dollars? What the hell do you need 8500 dollars for? Are sure you need 8000 dollars?”
Fun1k on
Just now the Russian central bank is probably scrambling what they can, currently at 113.
dwerp-24 on
Hit putin in his pocket and let the stagflation rise.
sonsabah on
It seems that the war of attrion will wear them out.
bier00t on
its better not worse
5upertaco on
This is truly historic. Amazing to watch in almost real time.
Rattylcan on
What’s causing this?
jpowers_01 on
I’m popping the popcorn now. Can’t wait to watch this show. I hear it’s a good finale.
> CentroCreditBank economist Yevgeny Suvorov said oil prices at $50 a barrel this year would deduct up to another 2 trillion roubles from Russia’s reserves.
>
> “In this scenario, we will approach the exhaustion of reserves at the start of 2025,” Suvorov said. “Simply put, Russia no longer has insurance against low oil prices.”
If that analyst is pointing to the correct cause here, he was damn spot on.
Oil prices are deemed as absolutely critical though:
> “Oil prices at $80 is extremely comfortable for Russia,” she said. “Maybe at $60-$70 it starts feeling the pinch, but we cannot start talking about crisis if Russia is selling oil at $60 or above.”
26 Comments
The party is only getting started.
More importantly, compare how the Rubble is doing again the Yuan and the Rupee.
Spoiler Alert: it’s not doing well.
Needs to honestly do a lot worse but let’s hope it does happen
Ca we short this?
Tom_Petty_Free_Fallin.mp3
Ruble has been drinking tea and falling out of window
Looks like soon all Russians will become trillionaires
Why dont they increase interest rate?
blyaat
Guys guys come on just because the ruble is going down and interest rates keep getting raised, I promise somehow inflation is going down per Russia . You have to believe them. Their economy is doing good 👍🏼 lol.
I also enjoy how Russians and ppl believe that the US dollar will collapse and we’ll be screwed…. When people don’t realize China or Russia’s currency can collapse and THE REST OF THE WORLD wouldn’t be screwed…. But if USA dollar collapsed lol THE ENTIRE WORLD WOULD BE SCREWED.
can you 1 ruble notes? I’d like to use them to start my campfires from now on.
Just plunged back down to 113. Probably some large scale stabilization effort.
My son asked me for a million rubles. I said, “9000 dollars? What the hell do you need 8500 dollars for? Are sure you need 8000 dollars?”
Just now the Russian central bank is probably scrambling what they can, currently at 113.
Hit putin in his pocket and let the stagflation rise.
It seems that the war of attrion will wear them out.
its better not worse
This is truly historic. Amazing to watch in almost real time.
What’s causing this?
I’m popping the popcorn now. Can’t wait to watch this show. I hear it’s a good finale.
TO THE MOON!
Is the ruble falling out the window?
who wants to be a millionaire RT version
Worse is actually better
I found this old Reuters article:
https://www.reuters.com/markets/europe/russias-reserves-dwindle-fiscal-safety-net-could-last-years-2024-02-15/
> CentroCreditBank economist Yevgeny Suvorov said oil prices at $50 a barrel this year would deduct up to another 2 trillion roubles from Russia’s reserves.
>
> “In this scenario, we will approach the exhaustion of reserves at the start of 2025,” Suvorov said. “Simply put, Russia no longer has insurance against low oil prices.”
If that analyst is pointing to the correct cause here, he was damn spot on.
Oil prices are deemed as absolutely critical though:
> “Oil prices at $80 is extremely comfortable for Russia,” she said. “Maybe at $60-$70 it starts feeling the pinch, but we cannot start talking about crisis if Russia is selling oil at $60 or above.”
Here’s the current crude oil prices:
https://tradingeconomics.com/commodity/crude-oil