So russia needs to buy more rubbles with there foreign currency reserve or raise interests rates right? Or are they too stretched thin and the rumble finally is gonna inflate very fast the coming few months?
They never recovered from the 2014-sanctions. And the trend is that it’s probably going to get worse, not better. But how much this matter depends a lot on how much the Russian economy depends on import.
adventmix on
People here don’t realize that the weaker the rouble, the better off Russia’s federal budget is, as it heavily depends on oil revenue sold in foreign currencies.
zdzislav_kozibroda on
WW2 got won by general winter. Not unlikely that the current war will be decided by general butter and potatoes.
SakamotoTRX on
I know this feels like a victory but this isnt a good indicator of economy at all.
atomski021 on
Yeah, let’s measure a currency pegged to commodities and GDP derived from productivity and trade, with the one that is being inflated to infinity and beyond by the printer going brrrrrrrrrr, and lifting the stock market, real-estate and everything else in that country and every other country whose currencies are either pegged or follow the dollar closely. Yeah, let’s do that…. Let’s disregard the M2 money supply parabolic expansion, mounting national debt, unemployment, and real CPI numbers, shall we? What matters is the need to maintain this false sense of superiority over others and disillusionment about their downfall, instead of rooting out our own corrupt elites, who got us into this position to begin with. Carry on, keep looking over the horizon, blaming everything and everyone else but yourselves. Fools…
nbelyh on
Currency devaluation always meas that most people are getting poorer, especially those who don’t have savings or investments in some stable assets that follow along.
But for the government budget of Russia, this is actually a GOOD THING, as most of the income is from exports, and is paid in foreign currency. The soldiers and military factory workers however are paid in roubles.
Actual-Money7868 on
Damn this would be a great time for a Russian holiday if.. well you know they weren’t evil and stuff.
Captainirishy on
A weak currency can be beneficial, it makes exports more competitive and makes it easier for countries to pay off debt.
finalcountdown112 on
Europe needs to finish the job and seal off all trade with Russia, cut them out of the world economy and threaten to do the same to all those who trade with Russia. If the entire west was unified with that aim the Russian economy will not last long
Prize_Tree on
It’s been steadily going up since the day august started. Russia has probably run out of austerity. They’re also probably fucked.
15 commenti
source: [https://tradingeconomics.com/russia/currency](https://tradingeconomics.com/russia/currency)
Skvoreshnik in action.
So russia needs to buy more rubbles with there foreign currency reserve or raise interests rates right? Or are they too stretched thin and the rumble finally is gonna inflate very fast the coming few months?
Euro is at its weakest exchange rate to USD since 2022!
https://de.tradingview.com/symbols/EURUSD/
They never recovered from the 2014-sanctions. And the trend is that it’s probably going to get worse, not better. But how much this matter depends a lot on how much the Russian economy depends on import.
People here don’t realize that the weaker the rouble, the better off Russia’s federal budget is, as it heavily depends on oil revenue sold in foreign currencies.
WW2 got won by general winter. Not unlikely that the current war will be decided by general butter and potatoes.
I know this feels like a victory but this isnt a good indicator of economy at all.
Yeah, let’s measure a currency pegged to commodities and GDP derived from productivity and trade, with the one that is being inflated to infinity and beyond by the printer going brrrrrrrrrr, and lifting the stock market, real-estate and everything else in that country and every other country whose currencies are either pegged or follow the dollar closely. Yeah, let’s do that…. Let’s disregard the M2 money supply parabolic expansion, mounting national debt, unemployment, and real CPI numbers, shall we? What matters is the need to maintain this false sense of superiority over others and disillusionment about their downfall, instead of rooting out our own corrupt elites, who got us into this position to begin with. Carry on, keep looking over the horizon, blaming everything and everyone else but yourselves. Fools…
Currency devaluation always meas that most people are getting poorer, especially those who don’t have savings or investments in some stable assets that follow along.
But for the government budget of Russia, this is actually a GOOD THING, as most of the income is from exports, and is paid in foreign currency. The soldiers and military factory workers however are paid in roubles.
Damn this would be a great time for a Russian holiday if.. well you know they weren’t evil and stuff.
A weak currency can be beneficial, it makes exports more competitive and makes it easier for countries to pay off debt.
Europe needs to finish the job and seal off all trade with Russia, cut them out of the world economy and threaten to do the same to all those who trade with Russia. If the entire west was unified with that aim the Russian economy will not last long
It’s been steadily going up since the day august started. Russia has probably run out of austerity. They’re also probably fucked.
What’s the point of this statistics? Check turkey