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Ruble becomes best-performing currency in March; soars to 83 to the dollar
Business Standard ^ | 29 Mar 22 | Krishna Kant

Posted on 03/30/2022 2:58:25 PM PDT by delta7

The ruble has recouped most of its losses and become the top-performing currency globally. It continues to gain and is up 60 per cent against the US dollar from its lows in the first week of March.

The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7. Thanks to the recent rally, the ruble is only about 10 per cent lower than what it was before the Russian invasion of Ukraine on February 24. The ruble was trading at around 76 before the invasion, according to the data from Bloomberg.


TOPICS: News/Current Events; Russia
KEYWORDS: chechens; chechnya; putinsbuttboys; putinworshippers; ruble; russia; russianaggression; ukraine; zottherussiantrolls
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For all the war cheerleaders, beware. Senile Joe just destroyed the USD ( and global trade) with his sanctions. For the rest, he destroyed the petro dollar , soon to be much talked about petro yuan, and dethroned the USD …Financial WW3 started without even a Congressional vote, or any notice by the Sheeple…..Vlad won.
1 posted on 03/30/2022 2:58:25 PM PDT by delta7
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To: delta7

All the US will have to do is quit buying from China. It would
default like a house of cards.

They’ll be begging for the dollar back.

I have concerns about what you are addressing. Things
frequently look far worse than they wind up being.

We’ll see.


2 posted on 03/30/2022 3:03:23 PM PDT by DoughtyOne (I pledge allegiance to the flag of the U S of A, and to the REPUBLIC for which it stands.)
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To: delta7

When Vlad cuts off the gas to Western Europe because they refuse to pay in Rubles, things will get very interesting, especially if this drags on into the fall of this year.


3 posted on 03/30/2022 3:03:24 PM PDT by srmanuel (`)
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To: delta7

“Vlad won”

An assertion not in evidence.

This one will be a toss-up.

Liberal democracies don’t do well with inflation and shortages, especially food and energy shortages.


4 posted on 03/30/2022 3:05:02 PM PDT by Mariner (War Criminal #18)
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To: DoughtyOne

You make it sound like the USA could cut off China tomorrow.

Yes, they could but at what cost, it would economic Armageddon in China and the USA overnight if that happened.

In a matter of weeks, remove everything made in China from store shelves in the USA, you would have shortages of everything combined with hyperinflation.

We absolutely over time should move off of depending on China for nearly everything but to cut them off overnight like we did with Russia would be catastrophic.


5 posted on 03/30/2022 3:07:32 PM PDT by srmanuel (`)
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To: Mariner

“Liberal democracies don’t do well with inflation and shortages, especially food and energy shortages.”

ESPECIALLY over a backwater thugocracy where there is no apparent national interest.

Advantage Russia.

Outcome TBD.


6 posted on 03/30/2022 3:07:38 PM PDT by Mariner (War Criminal #18)
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To: delta7

Yep...

https://freerepublic.com/focus/f-news/4050902/posts


7 posted on 03/30/2022 3:07:51 PM PDT by ButThreeLeftsDo (The best things in life aren't things.)
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To: delta7

If nations stop using the dollar for trade we will see the dollar crash, hyper inflation take hold, and the democraps blame republicans.


8 posted on 03/30/2022 3:07:52 PM PDT by CodeToad (Arm up! They Have!)
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To: delta7

It was certainly fun being king of the hill, and to be honest, I didn’t think the US could survive Clinton, much less Obama. But we did. Oh well, the damage they did (along with the Bushes) has finally caught up with us.

But now the bill comes due...


9 posted on 03/30/2022 3:09:16 PM PDT by BobL (Putin isn't sending gays into our schools to recruit children, but anti-Putin people are)
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To: delta7
Senile Joe just destroyed the USD ( and global trade) with his sanctions. For the rest, he destroyed the petro dollar , soon to be much talked about petro yuan, and dethroned the USD …Financial WW3 started without even a Congressional vote, or any notice by the Sheeple…..Vlad won.

Biden and Vlad both hate the USD. They both won.

The deplorable here in the US and in Ukraine and around the world are losing.

10 posted on 03/30/2022 3:10:07 PM PDT by FreeReign
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To: delta7

With all the money printing the Fed has done over the past two years it looks like our poor financial position is caused by ourselves.


11 posted on 03/30/2022 3:11:10 PM PDT by packagingguy
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To: delta7

Dead Russian Blue Cat Bounce.


12 posted on 03/30/2022 3:12:06 PM PDT by DannyTN
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To: srmanuel; Travis McGee; delta7; ButThreeLeftsDo; CodeToad; BobL
When Vlad cuts off the gas to Western Europe because they refuse to pay in Rubles, things will get very interesting, especially if this drags on into the fall of this year.

Scholz MANNED UP and showed Pooty he would NEVER pay in roubles...

Zermany blinks.

March 30, 2022
4:22 PM EDT

Looks like it's Game, Set and Match for your "sanctions", ShizzPantz.

https://www.dw.com/en/germany-says-putin-agreed-to-keep-payments-for-gas-in-euros/a-61310461

13 posted on 03/30/2022 3:14:11 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: delta7

Biden said the ruble had turned to rubble. Was Joe misinformed?


14 posted on 03/30/2022 3:16:29 PM PDT by Dilbert San Diego
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To: kiryandil

You forgot to mention the “for now” part of what Russia said.


15 posted on 03/30/2022 3:17:02 PM PDT by BobL (Putin isn't sending gays into our schools to recruit children, but anti-Putin people are)
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To: delta7

Biden’s idiotic economic war, sold as punishing Putin, is hurting Americans.

Biden and other warmongering globalists need to stop messing with the free flow of fuel, fertilizer, food, and the financial and physical mechanisms necessary for their sale and transportation.


16 posted on 03/30/2022 3:18:41 PM PDT by Arcadian Empire (The Baric-Daszak-Fauci spike protein, by itself, is deadly.)
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To: delta7

THIS IS YOUR GUY!

Blog/Conspiracy
Posted Feb 15, 2019 by Martin Armstrong

The two major myths that I get asked about all the time are the Rothschilds and whether pricing oil in yuan or euro will cause the dollar to collapse.
...
All these claims that the “petrodollar” is going to collapse are a total joke. Oil is less than 10% of world trade. These people are living in the ’70s. Hey, cut the hair and get rid of the bell bottoms. It’s 40+ years later! There is not even an attempt to offer a true honest analysis of the subject. Just look at the figures. The oil and gas drilling sector make up between 4.6% and 6.5% of the global economy. The FX market DAILY trading volume is about $5.3 trillion,which dwarfs the equities and futures markets no less oil and gold. Just look at the numbers.

https://www.armstrongeconomics.com/world-news/conspiracy/the-great-myths-that-never-die-rothschilds-petrodollar/


17 posted on 03/30/2022 3:21:05 PM PDT by BiglyCommentary
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To: delta7

While I am not sure “Vlad won” or not,
I am pretty darn sure we do not want to get into a financial war pitting a Fiat Dollar backed by the faith & trust of an untrustworthy regime against any Gold Backed currency from any country..
Especially with only the EU, New Zealand, Great Britain, Australia, Canada & Japan siding with the US sanctions.

Mexico and all of South America, Central America, Africa, The Mid-East, most of Asia, including China & India are not going along with Dimjo & The United States’ sanctions.


18 posted on 03/30/2022 3:24:45 PM PDT by Tupelo (“Don't underestimate Joe's ability to f*ck things up” (Barack Obama))
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To: delta7

soars to 83 to the dollar

- - - - - - -

Before the war, on February 1, it was 76. So, it hasn’t recovered.

The article is misleasing.


19 posted on 03/30/2022 3:32:58 PM PDT by TTFX
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To: delta7

exactly where is all of this ruble trading occurring? what exchanges?


20 posted on 03/30/2022 3:33:33 PM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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