Posted on 06/12/2024 1:18:39 PM PDT by marcusmaximus
New U.S. sanctions against Russia will shut down trading in dollars and euros on its leading financial marketplace, the Moscow Exchange, the bourse and the central bank said on Wednesday.
"Due to the introduction of restrictive measures by the United States against the Moscow Exchange Group, exchange trading and settlements of deliverable instruments in U.S. dollars and euros are suspended," the central bank said.
-snip-
The bank rushed out a statement, despite a public holiday in Russia, to reassure people that their dollar and euro bank deposits were secure.
"Companies and individuals can continue to buy and sell U.S. dollars and euros through Russian banks. All funds in U.S. dollars and euros in the accounts and deposits of citizens and companies remain safe," it said.
(Excerpt) Read more at cnbc.com ...
ZEEPER FOLLIES PINGLIST!!
(((PING!)))
Join and laugh at the Zeepers!!
The ruble is rubble.
The dollar is kaput. With the Saudis declining to renew the Petrodollar agreement that has kept the dollar pre-eminent over 70 years, you have no idea what is going to happen when all those dollars circling the globe come rushing back into the US.
The only thing holding this system together right now, is the Euro which is on the decline.
You can only gum up everything with miserable decisions just so far.
I wonder if this is connected to the fact that three days ago, the 50 year petrodollar agreement with Saudi expired. No evidence that Biden team even tried to renew the agreement. It means the dollar is no longer required for the purposes of buying oil on the international market.. Russia and China have already agreed to carry out their large bilateral petroleum trade in yuan. Other BRICS countries may be expected to follow.
ZZZZZZZZZZZZZZZZZZZZZZ
mickeymouseymus spams again! Wooo!
The dollar is debased, no joke. That still doesn’t save the ruble from its eventual fate.
Russian frigate and nuclear sub ‘pass 25 miles from US coast on way to Cuba’
By Chris Jewers and Will Stewart
17:21 11 Jun 2024, updated 17:51 12 Jun 2024
https://www.dailymail.co.uk/news/article-13518407/amp/Russian-frigate-nuclear-sub-pass-25-miles-coast-way-Cuba.html
Economic stupidity “knows no bounds” with this administration.
Metastasize Sanctions from this administration are much worse for consumers & businesses, than the small trade related tariffs implemented against China from the previous administration.
Has the Wall Street Journal(A “rah rah” Ukraine rag.) chimed in to defend this nonsense?
Havoc already at the money changing street kiosks.
How exactly is this propaganda?
Ruble to USD exchange rate will be now set by “over the counter trading data”. In other words, it will be set by the St. Petersburg mafia. lol!
India rupee stronk as bull!
>pre-eminent over 70 years
50 years. But yeah, it’s toast.
Sounds like we won’t be buying any more nuclear fuel, but that’s ok, our windmills and solar panels will handle it. Check that, we’ve essentially shut down Chinese imports of solar panels.
So best hope the wind blows!!!!
Boy, the day those markets open up to the world the giant sucking sound Ross Perot talked about will sound like a whisper compared to the capital running away from that mess.
Oh my God, you fell for a fake tweet?
You really think there is a written “petrodollar” agreement? And it expired last Sunday?
And the price of oil really didn’t change?
That’s what you think?
Are you getting your economic news from Steve Quayle? LOL:
GREAT NEWS (for you). Eli Lilly will start killing Russian children!!!! By no longer supplying life-saving drugs.
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