They can play whatever funny games they want. Shit still ain’t worth the paper it is printed on.
> forcing 43 companies, including energy, metals and agriculture exporters, to sell some of their foreign currency revenue on the domestic market
Wow, rebounded 4 pennies! We better surender
Oh! That’s that sorted then. Hehe! Russian economy almost as flexible as Putins spine!
Borrowed time. They’re selling their silver wares just to keep it afloat. This can only go on so long until the cash runs out.
You can’t cook the books forever. Not with an economy as small as Russia’s, anyway.
Even toilet paper have better monetary value.
Yes…Now it is worth 1.5 cents U.S.
I’m surprised how many cards the Kremlin can play to keep dragging that economy around pretending it ain’t dead, but those cards are limited, and you can only play them once. This game won’t last
This is a bet placed by Russian roulette. What is air defense doing? Hold my potato….
And in a week be back down to less than a penny.
All they’re doing is delaying the inevitable. Plus it’s sitting on 97 so hardly a rebound. It’ll drop again soon.
The sanctions won’t be lifted even if Russia left Ukraine. This game has only one ending for Russia
Rebound is not the proper word to use here. It recovered 2 cents, and in a week it will be back to over 100 again. They’ve already raised interest rates multiple times and all it does is buy them a couple of weeks.
Isn’t that kind of like the economy equivalent of selling stuff to be able to afford this month’s rent? Sure, you might get by for now by doing that, but that won’t save you when next month’s rent is due, unless you have more stuff to sell. Eventually though, you’ll simply run out of things to sell. All it does is serve as a one-time financial boost, and doesn’t address the problem.
Double of nothing is still nothing.
They’re literally pulling every trick in the book to not have the exchange rate explode and all this got them was a 4 cent difference from the USD. It probably won’t last longer than a week or two as well lol.
By rebounds they mean going from a 100/1usd to 97/1usd. Not exactly an earth shattering swing, and a very, very expensive thing to do. The good news is that less Russian oligarchs will be able to offshore their money and Russia will have less cash to buy Western politicians.
This must be the sequel to “Weekend at Bernie’s”.
“Watch Putin and his goofball pals try to convince everyone that the Russian economy isn’t dead, so that they can have a short-lived party! Hilarity ensues.”
Argentina tried this…still has crazy high inflation rates. The Corralito doesn’t work long term.
September 2010 $1 USD = 4 ARS
September 2023 $1 USD = 350 ARS
Russia has major exports (natural gas, oil, diamonds, forest products and gold) to help their currency from sinking to Argentina’s level. But they are also fighting a costly war. Argentina was just fighting bond holders in the U.S. courts.
This was the best step Putler could take to make sure damage to ruZZian companies will be irreparable once their manipulated “economy” hits the ground.
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Without paywall – https://archive.ph/RTkfh
They can play whatever funny games they want. Shit still ain’t worth the paper it is printed on.
> forcing 43 companies, including energy, metals and agriculture exporters, to sell some of their foreign currency revenue on the domestic market
Wow, rebounded 4 pennies! We better surender
Oh! That’s that sorted then. Hehe! Russian economy almost as flexible as Putins spine!
Borrowed time. They’re selling their silver wares just to keep it afloat. This can only go on so long until the cash runs out.
You can’t cook the books forever. Not with an economy as small as Russia’s, anyway.
Even toilet paper have better monetary value.
Yes…Now it is worth 1.5 cents U.S.
I’m surprised how many cards the Kremlin can play to keep dragging that economy around pretending it ain’t dead, but those cards are limited, and you can only play them once. This game won’t last
This is a bet placed by Russian roulette. What is air defense doing? Hold my potato….
And in a week be back down to less than a penny.
All they’re doing is delaying the inevitable. Plus it’s sitting on 97 so hardly a rebound. It’ll drop again soon.
The sanctions won’t be lifted even if Russia left Ukraine. This game has only one ending for Russia
Rebound is not the proper word to use here. It recovered 2 cents, and in a week it will be back to over 100 again. They’ve already raised interest rates multiple times and all it does is buy them a couple of weeks.
Isn’t that kind of like the economy equivalent of selling stuff to be able to afford this month’s rent? Sure, you might get by for now by doing that, but that won’t save you when next month’s rent is due, unless you have more stuff to sell. Eventually though, you’ll simply run out of things to sell. All it does is serve as a one-time financial boost, and doesn’t address the problem.
Double of nothing is still nothing.
They’re literally pulling every trick in the book to not have the exchange rate explode and all this got them was a 4 cent difference from the USD. It probably won’t last longer than a week or two as well lol.
By rebounds they mean going from a 100/1usd to 97/1usd. Not exactly an earth shattering swing, and a very, very expensive thing to do. The good news is that less Russian oligarchs will be able to offshore their money and Russia will have less cash to buy Western politicians.
This must be the sequel to “Weekend at Bernie’s”.
“Watch Putin and his goofball pals try to convince everyone that the Russian economy isn’t dead, so that they can have a short-lived party! Hilarity ensues.”
Argentina tried this…still has crazy high inflation rates. The Corralito doesn’t work long term.
September 2010 $1 USD = 4 ARS
September 2023 $1 USD = 350 ARS
Russia has major exports (natural gas, oil, diamonds, forest products and gold) to help their currency from sinking to Argentina’s level. But they are also fighting a costly war. Argentina was just fighting bond holders in the U.S. courts.
This was the best step Putler could take to make sure damage to ruZZian companies will be irreparable once their manipulated “economy” hits the ground.