That’s why the ruble exchange rate is meaningless, the exchange rate is being controlled by the Russia government. The actually value of the rubles is falling.
That’s why the ruble exchange rate is meaningless, the exchange rate is being controlled by the Russia government. The actually value of the rubles is falling.
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BS. Putin tied the Ruble to gold, and is taking gold and Rubles for his commodities, food exports, metals, oil, gas, diesel, NG and energy.
Russia is a major exporter of everything the west needs, they are in need of nothing, self sufficient. Long predicted, currencies will trade on commodities not a promise to pay ( the USD and Euro)…get back with us in six months and you will be astounded at the Ruble, already trading 20 percent higher than when brain dead Joe weaponized the USD.