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RUBLE SMASHES FOUR-YEAR HIGH AGAINST US DOLLAR
Daily Telegraph ^

Posted on 05/20/2022 8:36:40 AM PDT by navysealdad

The exchange rate reached 57.67 rubles per dollar at 08:13 GMT, its firmest against the US currency since March 2018, according to data from the Moscow Exchange. The ruble also gained nearly 5% on the euro, with the exchange rate now below 60 rubles per euro, hitting a seven-year high.

According to Bloomberg, the Russian currency has become the world’s best-performing currency this year despite its sharp drop in April sparked by unprecedented economic sanctions placed on Russia.

(Excerpt) Read more at dailytelegraph.co.nz ...


TOPICS: News/Current Events; Russia
KEYWORDS: 10percent4bigguy; 40billionwasted; agitprop; americalast; angrybidenbotsbelow; angrybidenbuttboys; biden4zelensky; bidenlovertrollsonfr; bidensanctionshurteu; bidensanctionshurtus; bidenswar; bidenswaronamerica; bidenworshippers; blueandyellowdrank; chechens; chechnya; clownworld; cocaine4ukraine; codepink; debt; dumbmmentary; hateamericafirst; hatebidenlastcrowd; homosexualagenda; hunterscashcow; inflation; natoaggression; neocons4biden; neoconsonfr; putinlovertrollsonfr; putinsbuttboys; putinworshippers; rubleathistorichigh; rubleisat57; rubleisrising; rubleisrubble; russia; russianaggression; therubleisrubble; uketards; ukraine; ukrainecorruption; ukraineslushfund; zelenskyfilthyrich; zotthebidentrolls; zottherussiantrolls; zotthesorostrolls
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1 posted on 05/20/2022 8:36:40 AM PDT by navysealdad
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To: navysealdad

2 posted on 05/20/2022 8:40:32 AM PDT by OttawaFreeper ("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966 )
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To: navysealdad

The Ruble has been around for 500 years.


3 posted on 05/20/2022 8:41:55 AM PDT by Sacajaweau ( )
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To: navysealdad
RUBLE SMASHES FOUR-YEAR HIGH AGAINST US DOLLAR

Buy! ;)

4 posted on 05/20/2022 8:44:16 AM PDT by tlozo (Trump-the Russian invasion of Ukraine is " truly a crime against humanity")
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To: navysealdad

Gold backed currency?
Printing press backed currency?
Hmmmmm.


5 posted on 05/20/2022 8:46:31 AM PDT by Tupelo (Don't underestimate The Republican Party's ability to f*ck things up)
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To: OttawaFreeper

I’ll risk getting banned here,
but Joe isn’t the problem,
it is the Democrat party,
We should have killed them in 1865.
Prepare.


6 posted on 05/20/2022 8:47:29 AM PDT by rellic
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But the Ukraine firsters had the cute “ruble will be rubble” slogan.


7 posted on 05/20/2022 8:48:21 AM PDT by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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To: navysealdad

Looks like Joek f up.


8 posted on 05/20/2022 8:50:33 AM PDT by HighSierra5 (The only way you know a commie is lying is when they open their pieholes.)
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To: navysealdad

More STICKING IT TO THE RUSSIANS!!!


9 posted on 05/20/2022 8:51:18 AM PDT by BobL (Putin isn't sending gays into our schools to groom my children, but anti-Putin people are)
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Waiting for Russia to default.


10 posted on 05/20/2022 8:53:38 AM PDT by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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To: navysealdad

said otherwise, the dollar loses value against the ruble...


11 posted on 05/20/2022 8:53:57 AM PDT by wny ( )
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To: navysealdad

I wonder how much Soros just made.


12 posted on 05/20/2022 8:55:50 AM PDT by Orosius
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To: Sacajaweau
I thought it might be older


13 posted on 05/20/2022 8:56:43 AM PDT by Mount Athos
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To: rellic

Thank goodness, there are others that see where the true evil is coming from. Which is why I have mentioned that I would not shed a tear if the top 20 most populated democrat cities where burned to cinders in a meteor strike.


14 posted on 05/20/2022 8:57:32 AM PDT by Flavious_Maximus (Fauci is a murderer)
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To: proust; Tupelo

Anyone here know even the basics of economics?

Russia hiked interest rates to 14%. The USA is at 1%. The currencies are stable only when Russia offers a return 14 times higher than we do.

That 14% interest rate has also caused almost all borrowing in Russia to grind to a halt and is pushing the economy towards a deep recession


15 posted on 05/20/2022 8:59:13 AM PDT by Renfrew
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To: Renfrew

Argentina has a 49% interest rate. Maybe the mob is loan sharking:

https://tradingeconomics.com/country-list/interest-rate


16 posted on 05/20/2022 9:04:12 AM PDT by packagingguy
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To: Renfrew

Economic and financial illiterates.

This is like getting giddy over some sales record because the company gave a 80% discount on the product price. Meaningless.


17 posted on 05/20/2022 9:05:41 AM PDT by BiglyCommentary
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To: Renfrew

Finally, an economics expert. Tell me when Russia will go into a deep recession. A year from now? Six months? Two weeks? Two days?


18 posted on 05/20/2022 9:07:11 AM PDT by proust (All posts made under this handle are, for the intents and purposes of the author, considered satire.)
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To: Renfrew

“That 14% interest rate has also caused almost all borrowing in Russia to grind to a halt and is pushing the economy towards a deep recession”

Don’t inject reality into the Putard party.


19 posted on 05/20/2022 9:07:43 AM PDT by BiglyCommentary
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To: proust

They’re out dancing to techno with their homo Zelenskyy.


20 posted on 05/20/2022 9:08:49 AM PDT by Extremely Extreme Extremist
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