And just like that, the price for a Russian mail order bride has plunged to well within the means of a Walmart stocker.
Posted on 12/15/2014 10:56:05 AM PST by elhombrelibre
The Russian rouble has dropped to a new low against the US dollar, as falling oil prices and Western sanctions continue to weigh on the country.
As of Monday afternoon, it takes more than 60 roubles to buy a single dollar.
The 60 mark is considered a "psychological barrier" for Russia's national currency, says the BBC's Moscow correspondent, Steve Rosenberg.
Since the start of the year, the rouble has lost more than 45% of its value against the dollar.
Russia's central bank has tried unsuccessfully to stabilise the currency, buying roubles in the markets and raising its main lending rate to 10.5%.
But those efforts have been overwhelmed by the fall in the price of crude oil - one of the country's main exports - and by concerns that international sanctions over Ukraine might be stepped up.
(Excerpt) Read more at bbc.com ...
"Russian authorities appear unable to bring down inflation either - prices are expected to be 10% higher by the end of the year."
I guess the President for Life of Putinistan is a bit out his element when it comes to economics.
Anyone charging too much will be sent to Gulag! So there!
So when they open the market back up, Russian ammo should be cheap.
That is really, really bad for them, considering how devalued the dollar has become.
Sanctions and lower oil prices are squeezing Ivan’s gonads.
Vlad is not happy.
Wars and rumors of wars...
5.56mm
And just like that, the price for a Russian mail order bride has plunged to well within the means of a Walmart stocker.
IT SEEMS THE RUBLE IS NOT AS VAULEABLE AS IT ONCE WAS- THE COST OF WAR.
As the price of oil declines and the rouble declines all the world economies entertwined it will come crashing to a halt in some sort of economic catastrophe so I would keep my eyes peeled say next fall. We shall see
Freegards
LEX
"Having lost over 49 percent of its value against the dollar this year, the ruble's slide is now worse than the 48 percent of the hryvnia in Ukraine, which is fighting a war and is on the brink of bankruptcy."
Even Ukraine's currency isn't in as much trouble.
https://uk.news.yahoo.com/ruble-tumbles-9-5-record-181035998.html#cJI341f
Oh, that is funny.
Still quite a bit around cheap. Must be older stock.
Now back to our story about how Iran is going to replace the dollar as the currency in which the price of oil is denominated.
You know, the price has dropped so much, I just might get two.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.