Posted on 06/13/2024 8:12:55 PM PDT by Round Earther
Russians lined up to purchase U.S. dollars after the Moscow Exchange enforced an immediate suspension of trading in dollars and euros in response to fresh U.S. sanctions, a video circulating on social media appears to show.
Russia's central bank said Wednesday that exchange trading and settlements of deliverable instruments in U.S. dollars and euros were suspended effective June 13 "due to the introduction of restrictive measures by the United States against the Moscow Exchange Group." It added that over-the-counter trading data would be used to set official exchange rates for the currencies.
(Excerpt) Read more at newsweek.com ...
In before the FRussians post that this is some kind of Putin win because the Russians get to punish America by de-dollarizing. Lol
“According to Isabel”
Before the claims that “my cousin’s father-in-law’s ex-wife’s next-door neighbor said there were people lining up around the block at Bank of America, all in a panic wanting to exchange American dollars for Russian rubles.”
And Americans are buying BTC. This article is BS. The world is leaving Biden’s corrupt Rule Of Law International Disorder. Joe killed the dollar. No country wants to constantly be threatened, have their dollar based assets stolen, or have their assets cut 60% in four years from Biden’s FED RES mismanagement, and DNC corruption.
Joe was angry again tonight saying that their will consequence for Saudi Arabia... Threats. Murder. NATO invades you, Afghanistan, Iran, Lybia, Bosnia... all because you don’t want to use Biden’s dbased 1.3T a month printed toilet paper sheets
It takes 10 seconds to type “rub usd chart” in a search engine, and immediately realize this story is false.
Biden was printing 1T every 90 days for 3 years... then in April he started printing 1.3T a month. The dollar has doubled in circulation under Biden... and Americans pay 47% more for smaller cars, 49-159%more for food. Car and home insurance doubled in 3 years.
How much for a bag of rutabagas or sand grown potatoes?
In March, 2022 McDonald’s made the decision under great pressure, to exit Russia due to Putin’s Ukraine policy.
Carl’s Jr and Subway still have franchises there.
A footlong grilled chicken Subway sub cost $4.80 in 2023.
Amazingly, there is a website to track costs around the world:
https://pheabs.com/guides/the-cost-of-subway-sub-around-the-world/
Joe killed the dollar. No country wants to constantly be threatened, have their dollar based assets stolen, or have their assets cut 60% in four years from Biden’s FED RES mismanagement, and DNC corruption.
Tell that to Argentina. A single US dollar buys over 900 Argentine pesos today. When I was there in 2010-2011 the official exchange rate was 4 pesos to the dollar. The black market rate was 12-13 pesos to the dollar. I'm not saying anything against Milei, but Argentina's inflation makes ours look tame by comparison.
I didn’t even need that, the source was listed as Newsweak.
The Russian currency exchanges and banks disagree. And Zeepers don't look for the most superficial excuses to start and end any discussion with name calling either.
https://x.com/nexta_tv/status/1800943911889682757
Some Russian banks have raised the price of selling cash dollars and euros amid US sanctions against Moscow ExchangeNorvik Bank had the highest markup on dollars in Moscow - RUB 200 per dollar at the official Central Bank rate of just over RUB 89.
The most expensive cash euros in the Russian capital is sold by Tsifra Bank - RUB 160 per euro at the official rate of RUB 95.7. June 12, dollars were sold for RUB 120 at the same bank.
The next day the official exchange rate is 88 to 1 because the Central bank says so after the previous day's fall. Does that sound stable to you? Since when has any high performing currency had to avoid collapse and runs on banks?
When all that happens in a few days, no one places any real trust in a currency where this is happening.
The West in their stupid reaction to the Russian-Ukraine War is destroying the international financial system.
“Good times” lol lol lol(sarcasm)
Our foreign and economic policies are being run by retarded people.
FAKE NEWS. The Petro Dollar is on the way out.
If the source is newsweek then I immediately don’t trust it.
It is common for Central Banks to intervene in currency trading.
The Bank of Japan does it often. Let me do a quick ChatGPT inquiry . . .
When did the Fed last intervene in currency trading?
Sept 17, 2019 offering $75B in overnight banking provisions. Before that, a prominent occasion was 2011, in cooperation with other countries supporting the yen.
Kudos, for getting that lick in.
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