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    Ist das ein Zeichen für wirtschaftlichen Erfolg? Der Rubel fällt weiter, weil niemand Vertrauen in die russische Wirtschaft hat.


    Ist das ein Zeichen für wirtschaftlichen Erfolg? Der Rubel fällt weiter, weil niemand Vertrauen in die russische Wirtschaft hat.

    https://i.redd.it/u8i97hnbfxsd1.png

    Von Low_Two_8082

    View 30 Comments

    30 Comments

    2. TravellingMills on

      Oil is not as big of a shock like it used to few decades ago. Even if prices spike most major economies have enough capacity to weather that storm. If Russia cannot hold that leverage there is no reason for money to flow into that country. Their fundamental issues that were already apparent are gonna get worse over time if they do not stop this war. They are gonna end up bartering for food in exchange of oil and minerals.

    3. Appolo0 on

      This doesn’t mean much in on itself, you would also need to look at production, wages etc. Consider also that different currencies might be used to facilitate trade, and hide it a bit.

    4. Trollercoaster101 on

      This is all part of our special economics operation against the world economy.

    5. Fischmafia on

      Comrade, on the graph it’s clearly stated in big shift EUR. So no worries. Euro is falling.

    6. PreviousAd3430 on

      ECB is cutting rates while the Russian central bank outlook is increasing rates. Economy is running hot, increasing inflation. Therefore it’s quite normal.

    7. Dizzy-South9352 on

      I mean the price is pretty much the same as it was before the invasion.

    8. SupremeMisterMeme on

      Russia has been using its National Wealth Fund to prop up ‘rubble’ and patch up holes in the economy. They’ve already used half of the liquid assets in it, and their central bank said they’ll run out of the other part next year (If there are no changes). This is when the real fun will begin.

    9. Xazzzi on

      Pootin said it’s all good because they get more roubles this way.
      Like actually he did, not a joke.

    12. FalconMirage on

      Elivra Nabiullina on suicide watch, she did everything she could to save the economy

      She also opposed the war and tried to resign, but you can’t really say no to Putin

    13. August21202 on

      How long until they introduce a kIloRuble? Currently 1 000 rubles equals 9,53 EUR.

    14. Young-Rider on

      Because the Ruble is kinda like Monopoly money: it only works within the game/country and is more or less useless outside of Russia because no sane person who has alternatives would use it.

      Its “value” has been propped up by massive government investments and European demand for fossil fuel before Europe was able to reduce its dependency. Now, most of the benefits of the war economy are running out, and Putin will be in trouble soon.

    15. Tranecarid on

      I’m not saying you’re wrong, but looking at one month performance of any currency says literally nothing about the big picture even if the drop looks big as this one. For example, you could find much more dire looking months for Turkish Lira and while their economy is not exactly in good shape, it’s not collapsing either.

      Edit: I just checked, if you look at 1 year chart it doesn’t look that bad actually. Talk about nitpicking data.

    16. i_eat_parent_chili on

      Ruble has stop being traded by US and Europe. Plus many Chinese banks don’t even accept it anymore.

      Searching Ruble vs Euro on Google is literal useless information at that point. It does not have many well established bases of comparison to make a good evaluation of the currency. It’s like asking “how much does moondust cost” when nobody trades moondust. Nothing. It costs nothing in the western world because it’s worth nothing

    19. x021 on

      Ruble to EUR value is the same as 12 months ago.

      Ruble to USD is actually higher than a year ago.

      This charts time window is too small.

    20. lzap on

      Use stronger currency first, so it is USD / RUB or EUR / RUB and not the opposite. You will get cleaner results.

    23. TheNplus1 on

      No surprise, Russian officials themselves have forecasted a depreciation in the RUB for the 2nd half of the year and the same thing for next year. The “problem” is that secondary sanctions (or risk of) come a bit late and not strong enough, the EUR should have been back above 100 RUB for a while now.

    24. Vybo on

      No one can trade RUB anyway. Most of the trade happens in materials for some other currency or barter style (Russia gives China gas/oil, they give them tanks or weapons, and so on), so RUB is only for Russian citizens. The rich ones have their richess in other currencies or other stuff as well.

      Don’t get me wrong, I’m not siding with Russia in any way, but this is definitely not a good indicator to look at, because it doesn’t mean anything and doesn’t paint the whole picture.

      So,

      > The ruble continues to fall because no one has confidence in the Russian economy

      is incorrect.

    27. KirKami on

      Looks like planning to spend more than 40% of budget on military, secret services and police is not getting seen as sign of healthy growing economy.

    29. Practical_Cattle_933 on

      It’s way below that rate, it is just artificially restricted in access – you can’t easily change it so any number will be misleading.

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