Spot The Loser! Japan’s Yen, China’s Yuan or Russia’s Ruble (Russian Ruble Bounced Back While Yen And Yuan Have Crashed)

Confounded Interest ^ | 04/28/2022 | Anthony B. Sanders

[Browns Ultra Fan]

I hope America’s foreign policy wizards (Biden, Harris and Blinken) weren’t relying on the Russian Ruble staying pulverized, because the Ruble (relative to King Dollar) has regained all its losses.

On the other hand, the Japanese Yen and Chinese Yuan have crashed harder than Biden’s popularity.

Perhaps Biden, Harris and Blinken think Putin is a pasta sauce.

[Browns Ultra Fan]

Look at the Real Clear Politics poll of Biden's disapproval rate versus inflation.

[Chad_the_Impaler]

“The ruble is no longer a freely convertible currency,” Kudrin admitted Tuesday [April 12] to journalists.

[SmokingJoe]

All that forcing the EU members to pay for oil/gas in Rubles was going to send the value of the Ruble up.

[chopperk]

This event forces China to take Taiwan and make the Yuan the Worlds Reserve Currency to save itself and Biden is supporting the Chinese. Follow the money.

[Vermont Lt]

China doesn’t need to do that. All they need to do is issue a gold backed yuan used for external finances.

[Dilbert San Diego]

Biden said the ruble was rubble.

I know, a throwaway line someone wrote for him.

[kiryandil]

“The ruble is no longer a freely convertible currency,” Kudrin admitted Tuesday [April 12] to journalists.

While the Eurorubes and neocons were yukking it up over this "admission" for a couple of weeks, the guys at The Duran channel finally explained what that means today, after Poland and Bulgaria got cut off for refusing the euro-to-ruble procedure.

You show up at the GazProm teller window with your Euros or dollars, the guy behind the window looks you over, then whispers to someone over his headset.

You hand him your Euros/dollars - and he tells you what they're worth in rubles. Not a posted exchange rate - it's a naughty or nice list exchange rate.

Now you may begin to understand why the ruble is no longer a freely convertible currency.

You can only exchange your fiat scrip for rubles at the GazProm exchange window.

Best be on the nice list.