Burning money is not an efficient way to heat your house :)
The exchange rate makes burning rubles quite competitive.
Ruble is almost back to where it was pre-invasion.
Russia is one of the biggest exporter of commodities in the world (oil, natural gas, wheat…). Ruble has plenty of support.
That uptick is quite striking:
https://www.google.com/finance/quote/RUB-USD?window=5Y
but it’s still pennies on the dollar. Their threat of a 4M ruble sanction on Wikipedia for documenting the Ukrainian invasion was only $49k. You could put that on a credit card.
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Burning money is not an efficient way to heat your house :)
The exchange rate makes burning rubles quite competitive.
Ruble is almost back to where it was pre-invasion.
Russia is one of the biggest exporter of commodities in the world (oil, natural gas, wheat…). Ruble has plenty of support.
That uptick is quite striking:
https://www.google.com/finance/quote/RUB-USD?window=5Y
but it’s still pennies on the dollar. Their threat of a 4M ruble sanction on Wikipedia for documenting the Ukrainian invasion was only $49k. You could put that on a credit card.