Ruble returns to pre-Ukraine invasion levels...

Damocles said:
https://www.benzinga.com/general/ed...-ruble-returns-to-pre-ukraine-invasion-levels

The Russian ruble has rebounded from its steep initial losses following the country's invasion of Ukraine in February.

Below is the daily timeframe.

I have highlighted the 85% decline in the ruble in the first week of March, followed by the 46% gain in strength through the rest of March. The ruble is now back to pre-war levels.

More at link...
Click to expand...
His plan’s working for now, but some are refusing to pay for oil, etc. in rubles, so we’ll see who wins the game of chicken.
 
From a fundamental perspective, the reversal in the strength of the ruble could be a sign that capital controls introduced by the Russian central bank are likely easing pressure on the Russian currency, with officials seeking to counter the impact of crippling international sanctions.

Capital controls aim to keep U.S. dollars in the country to restrict rubles from being converted into dollars. The result of this is that the ruble cannot be sold and it is a way of stabilizing the currency from being dumped based on intense selling pressure.
 
anatta said:
From a fundamental perspective, the reversal in the strength of the ruble could be a sign that capital controls introduced by the Russian central bank are likely easing pressure on the Russian currency, with officials seeking to counter the impact of crippling international sanctions.

Capital controls aim to keep U.S. dollars in the country to restrict rubles from being converted into dollars. The result of this is that the ruble cannot be sold and it is a way of stabilizing the currency from being dumped based on intense selling pressure.
Click to expand...


not to mention that all these sanctions have done little.
 
What’s this?

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It’s Uncle Vanya! Days after McDonald’s closed its doors across Russia last month, a trademark application was made for a new fast food chain called “Uncle Vanya”.


Instagram moved out in mid-March when its parent company Meta was declared an extremist organisation by the Kremlin. The app now filling its place is Rossgram, though not everyone is convinced.


Soon Russians will be able to get their flat-pack furniture from Idea:

TELEMMGLPICT000291392616_trans_NvBQzQNjv4BqZgEkZX3M936N5BQK4Va8RWtT0gK_6EfZT336f62EI5U.jpeg



More:
https://www.telegraph.co.uk/world-n...tation-western-brands-replace-ikea-mcdonalds/
 
Damocles said:
https://www.benzinga.com/general/ed...-ruble-returns-to-pre-ukraine-invasion-levels

The Russian ruble has rebounded from its steep initial losses following the country's invasion of Ukraine in February.

Below is the daily timeframe.

I have highlighted the 85% decline in the ruble in the first week of March, followed by the 46% gain in strength through the rest of March. The ruble is now back to pre-war levels.

More at link...
Click to expand...

putin has create a "petroruble" for his customers.

it's working.
 
The US has abused its dominance of the world's financial structure , chronic abuse - and I believe it is necessary for that dominance to end. We all know that power corrupts .
Maybe it's about to happen- I certainly hope so.

This isn't an ' anti-American ' sentiment, it's an anti-American asshole sentiment. Assholes should not be able to hide behind flags.
 
moon said:
The US has abused its dominance of the world's financial structure , chronic abuse - and I believe it is necessary for that dominance to end. We all know that power corrupts .
Maybe it's about to happen- I certainly hope so.

This isn't an ' anti-American ' sentiment, it's an anti-American asshole sentiment. Assholes should not be able to hide behind flags.
Click to expand...

Nobody gives a fuck what you say about anything, fecking eejit!
 
moon said:
The US has abused its dominance of the world's financial structure , chronic abuse - and I believe it is necessary for that dominance to end. We all know that power corrupts .
Maybe it's about to happen- I certainly hope so.

This isn't an ' anti-American ' sentiment, it's an anti-American asshole sentiment. Assholes should not be able to hide behind flags.
Click to expand...

There's already a desire to set up another way to have a Reserve Currency other than the US Dollar. I think the sentiment is a 'basket' of China/Russian/Iranian/Other currencies as a competitor.

"China wants its currency, the yuan, to replace the U.S. dollar as the world's global currency. That would give it more control over its economy. As China's economic might grows, it's taking steps to make that happen."
How the Yuan Could Become a Global Currency - The Balancehttps://www.thebalance.com › yuan-reserve-currency-to-g.
 
Jack said:
There's already a desire to set up another way to have a Reserve Currency other than the US Dollar. I think the sentiment is a 'basket' of China/Russian/Iranian/Other currencies as a competitor.

"China wants its currency, the yuan, to replace the U.S. dollar as the world's global currency. That would give it more control over its economy. As China's economic might grows, it's taking steps to make that happen."
How the Yuan Could Become a Global Currency - The Balancehttps://www.thebalance.com › yuan-reserve-currency-to-g.
Click to expand...

If anybody thinks that preferable to the present system is out of their fucking minds
 
Jack said:
There's already a desire to set up another way to have a Reserve Currency other than the US Dollar. I think the sentiment is a 'basket' of China/Russian/Iranian/Other currencies as a competitor.

"China wants its currency, the yuan, to replace the U.S. dollar as the world's global currency. That would give it more control over its economy. As China's economic might grows, it's taking steps to make that happen."
How the Yuan Could Become a Global Currency - The Balancehttps://www.thebalance.com › yuan-reserve-currency-to-g.
Click to expand...

not everybody gets a pony.

why would you leave a pony country for a non pony country?
 
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