[Right_Wing_Madman]

In before the FRussians post that this is some kind of Putin win because the Russians get to punish America by de-dollarizing.

Today, the dollar buys 87 rubles, which is at an eleven-month low. Two months ago, the dollar traded for 94 rubles. And back in October, the dollar bought 100 rubles.

But you never look at actual exchange rates, do you? Like most Zeepers, you just march to the mindless drumbeat of Newsweak.

[Jumper]

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.

[guest7]

USD to RUB Chart +6.10% (1Y) US Dollar to Russian Ruble 1 USD = 89.0669 RUB Jun 14, 2024, 04:15 UTC

[Widget Jr]

"But you never look at actual exchange rates, do you?"

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 Exchange

Norvik 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.

200 rubles to 1 USD, 160 to 1 for Euros. The Moscow Exchange stops allowing trading Rubles for Dollars and Euros. The top Russian bank's websites all shut down so no one can withdraw money.

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.

[Cronos]

RWM - there is the official exchange rate (87 R to 1 USD) and there is the real, black-market rate which is 100s of rubles to 1 USD

[blitz128]

Perhaps, but the value of the ruble is now set basically by Russia, would be interesting to see what a dollar actually costs or what you can get for it in Russia. Just a guess but I bet it is a “tad” bit more than 87

[AndyJackson]

Buy dollars sell rubbles. Sign up here for how you can make a fortune in foreign exchange. Not investment advice but we hope you take it anyway cuz we make our money off of suckers like you.