I feel like a lot of people in this sub overlook the economic aspect of this war. Yes, Russia has the steel and manpower to continue producing tanks, drones, IFV’s, etc.,
But how long does the average Russian put up with fueling a conquest at the expense of their own, and their family’s own wellbeing?
I read “rubble”…
it’s the dollar rising, not the ruble falling
edit: over the course of the last month:
look at the euro vs dollar and you see the same trend (edit: also a dip in the last week)
edit: look at the CAD vs the USD and you also see a dip in the last week, the yen/yuan/GBP all do too etc. etc. etc.
look at the euro vs ruble and you see no significant change (edit: pretty average compared to the month)
this is the second time this misinterpretation/misinformation is posted
as much as I want the russian economy to implode, this ain’t it chief
edit: added some clarifications because apparently understanding graphs is hard for some people
… one cent yet!
Look on this positively. At least it worth something… 😀
It was about one cent all this time. Makes Russian prices easy to visualize. Usually it is quite hard to intuit how much money in a foreign currency something is.
Do they still have Kopeks (rubble-cent), or when was the last time they were in use?
Not enough yet. Russians are used to be desperately poor, they’re used that they’re poor while the elite is getting richer by sending them to useless wars. They’d have to endure a hyperinflation so they can’t afford heat, gas and vodka anymore. Of course the rural regions won’t care, but there will be unrest in the cities. That’s what Putin fears most. We’re just not there yet.
I haven’t looked at it in a couple of weeks but I would have thought the results of the US election would have given a boost. The fact it didn’t is a pretty bad sign.
Russians want to be poor so that can cry about it too everyone.
The chart is misleading. Before the invasion, it was at about 78 roubles to the Dollar.
Flipside is of course, the Russian government has currency controls, how much lower it would be if it didn’t, is speculation, but probably a LOT lower.
Isn’t the joke that every new chapter of Russian history starts with the line ‘And then things got worse’?
It looks pretty stable if you zoom out. I hope you are right.
the joke was :
“what is he difference between one dollar and one ruble ?”
“one dollar”
A blank sheet of printer paper is worth more than a Russian ruble. Russian money is literally not worth the paper it’s printed on.
What does this mean for the future of Russia
One cent is one cent too much
And its still overevaluated.
The value of a currency is determined by the exchanges with other currencies.
With all sanctions and russian legislations, there is waaaay less ruble circulating abroad.
For exemple : I’m from europe, I have a manufacturing compagny that want to sell to Russia.
If I recieve ruble for paiement, its basicaly worth zero, I can’t use it anywhere else instead Russia, but I wont because of sanctions.
If I was dealing with China, we might exchange Yuan, Dollar or Euro. And those have value almost everywhere in the world + it is “easy” to swap from one to another.
Can’t do this with ruble.
I really thought the Brix conference and all that ramble about a new global currency was going to pull the ruble out of the gutter!
What is weird is they have a gdp similar to Canada. The kicker is Canada has about a 1/3 of the population.
I think that means that Russia is poor as all hell per capita. And these stunned cunts think they have the ability to take on the west?
Rubble worth more than ruble
Oh nice! A new penny stock to play with
This is what it was worth in March of 22 after the war broke out.
Money brought down the USSR, and in the end it could be money that puts a stop on Putin, let’s hope so!
What’s going to kill Russia is the price of oil. If it tanks, they’re fucked, but please by all means, insist that you get paid in roubles for every transaction.
Da comrade, this good news. Russia rouble is stronk, it on parity with the mighty US Cent
25 comments
I feel like a lot of people in this sub overlook the economic aspect of this war. Yes, Russia has the steel and manpower to continue producing tanks, drones, IFV’s, etc.,
But how long does the average Russian put up with fueling a conquest at the expense of their own, and their family’s own wellbeing?
I read “rubble”…
it’s the dollar rising, not the ruble falling
edit: over the course of the last month:
look at the euro vs dollar and you see the same trend (edit: also a dip in the last week)
edit: look at the CAD vs the USD and you also see a dip in the last week, the yen/yuan/GBP all do too etc. etc. etc.
look at the euro vs ruble and you see no significant change (edit: pretty average compared to the month)
this is the second time this misinterpretation/misinformation is posted
as much as I want the russian economy to implode, this ain’t it chief
edit: added some clarifications because apparently understanding graphs is hard for some people
… one cent yet!
Look on this positively. At least it worth something… 😀
It was about one cent all this time. Makes Russian prices easy to visualize. Usually it is quite hard to intuit how much money in a foreign currency something is.
Do they still have Kopeks (rubble-cent), or when was the last time they were in use?
Not enough yet. Russians are used to be desperately poor, they’re used that they’re poor while the elite is getting richer by sending them to useless wars. They’d have to endure a hyperinflation so they can’t afford heat, gas and vodka anymore. Of course the rural regions won’t care, but there will be unrest in the cities. That’s what Putin fears most. We’re just not there yet.
I haven’t looked at it in a couple of weeks but I would have thought the results of the US election would have given a boost. The fact it didn’t is a pretty bad sign.
Russians want to be poor so that can cry about it too everyone.
The chart is misleading. Before the invasion, it was at about 78 roubles to the Dollar.
Flipside is of course, the Russian government has currency controls, how much lower it would be if it didn’t, is speculation, but probably a LOT lower.
Isn’t the joke that every new chapter of Russian history starts with the line ‘And then things got worse’?
It looks pretty stable if you zoom out. I hope you are right.
the joke was :
“what is he difference between one dollar and one ruble ?”
“one dollar”
A blank sheet of printer paper is worth more than a Russian ruble. Russian money is literally not worth the paper it’s printed on.
What does this mean for the future of Russia
One cent is one cent too much
And its still overevaluated.
The value of a currency is determined by the exchanges with other currencies.
With all sanctions and russian legislations, there is waaaay less ruble circulating abroad.
For exemple : I’m from europe, I have a manufacturing compagny that want to sell to Russia.
If I recieve ruble for paiement, its basicaly worth zero, I can’t use it anywhere else instead Russia, but I wont because of sanctions.
If I was dealing with China, we might exchange Yuan, Dollar or Euro. And those have value almost everywhere in the world + it is “easy” to swap from one to another.
Can’t do this with ruble.
I really thought the Brix conference and all that ramble about a new global currency was going to pull the ruble out of the gutter!
What is weird is they have a gdp similar to Canada. The kicker is Canada has about a 1/3 of the population.
I think that means that Russia is poor as all hell per capita. And these stunned cunts think they have the ability to take on the west?
Rubble worth more than ruble
Oh nice! A new penny stock to play with
This is what it was worth in March of 22 after the war broke out.
Money brought down the USSR, and in the end it could be money that puts a stop on Putin, let’s hope so!
What’s going to kill Russia is the price of oil. If it tanks, they’re fucked, but please by all means, insist that you get paid in roubles for every transaction.
Da comrade, this good news. Russia rouble is stronk, it on parity with the mighty US Cent
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