Posted on 03/13/2022 12:55:02 PM PDT by marcusmaximus
Russia’s finance minister said the country would fulfill its debt obligations but would issue payment in rubles until Western nations unfreeze its foreign-currency reserves.
The announcement comes ahead of payments due to be made Wednesday on two Russian government dollar bonds. Under the terms of those two specific bonds, payments can only be made in dollars, meaning ruble payment could set the stage for a default on its dollar debt. Bonds typically also have a 30-day grace period for payment.
(Excerpt) Read more at wsj.com ...
Lat I saw : ruble= 118 to our dollar.
Good for Putin. The Global Elites crashed his economy, and now they expect him to pay back debts. Yes, pay them with the worthless currency they just crashed.
Earth will tip over from all those Rubles , Oh my India is about to screw itself ,LOL
Putin crashed his own economy by invading Ukraine in the first place.
1 ruble = 0.0075 dollar
“Good for Putin. The Global Elites crashed his economy, and now they expect him to pay back debts. Yes, pay them with the worthless currency they just crashed.”
Actually, the creditors may come out ahead if Putin uses the official exchange rate, but I doubt they know it.
You have no idea what’s really going on, son. I suggest you stick to playing the wind-up toy with the arrow in the middle that makes a sound when it lands on an animal.
Okay, Brandon.
Then $1 USD = 133 Rubles
$1= 0.0075 rubles
Paying debt in rubles = lots’a rubles, piles of rubles reaching to 20th floor, covering a square city block, lots’a rubles.
Break out the wheelbarrows.
Paying in rubles instead of dollars is clear Event of Default. Russia’s credit rating will go to zero now.
What did we deserve for Libya?
$1= 0.0075 rubles
Wow.
Moscow better use Bitcoin, sell gold somehow, or start printing rubles.
Oil and gas might help day to day expenses for the government, but the Russian people can’t engage in commerce.
5.56mm
Yes - the West (ie. the US deep state) has declared:
“Russia, you can’t have trading access US Dollars, and we are basically stealing all your nation’s savings that are in US Dollars. Oh, and why aren’t you paying your foreign debts?”
They’ll do it to truckers, they’ll do it to nations.
You are next.
Thanks, that will pay for my regular coffee at Denny’s ...
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.