A ruble has only been worth less than a penny one other time in the last 20 years, and that was in Feb 2022. After which Russia instituted a plethora of monetary policies to get it back under control. But the price has been steadily sliding back down.
Misleading title
What’s misleading about it? His inner circle aren’t upset? He has an inner hexagon rather than a circle?
You see comrade, this is misleading title. The mighty Russian rouble is worth one mighty Russian Rouble.
Sure is a good thing the US didn’t set 1rub equal to 0rub!
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It’s an 8 dimensional hypercube, obviously.
Hence his skill in 4-D chess
How so?
What economic change will Putin make to stabilize the currency, besides raising interest rates?
I see the trend continuing. How long can the trend continue without social unrest?
Who wants to hold Russian currency?
The problem is so massive that the social implications are hard to grasp.
How so? A Russian ruble is now worth less than a US penny.
It’s been for years, that’s why. The article says it like it’s new
A ruble has only been worth less than a penny one other time in the last 20 years, and that was in Feb 2022. After which Russia instituted a plethora of monetary policies to get it back under control. But the price has been steadily sliding back down.
You are playing with margins. In early 2016, it was only 1.2 times what it is today