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Politics : Formerly About Advanced Micro Devices

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To: Broken_Clock who wrote (1414488)	8/15/2023 11:21:27 AM
From: Wharf Rat	3 Recommendations Read Replies (1) of 1572466

"I think other countries are laughing at the us." We sure are. Russian ruble is now worth less than a penny, infuriating Vladimir Putin’s inner circle: ‘They’re laughing at us’ Vladimir Putin’s luck may be running out now that the ruble plunged below one cent, the lowest level against the U.S. dollar since the early days of his war in Ukraine. The Russian president, who briefly faced down a coup attempt in June, could long point to the resilience of his currency in the face of sanctions as a propaganda victory that proved just how impotent Western economic reprisals were. More than 500 days since his army invaded Ukraine, it looks as if Moscow’s highly respected central bank governor can no longer perform miracles for her boss. The ruble that Elvira Nabiullina manages crashed through the psychological support of 100 to the U.S. dollar and on Monday is now worth less than a penny, the first time since March 23 of last year. “They’re laughing at us,” scathed Vladimir Solovyov, Russia’s most well-known state TV personality and a chief Putin ally, already last week.

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