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Politics : Formerly About Advanced Micro Devices

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To: Broken_Clock who wrote (1421117)	10/6/2023 2:00:28 PM
From: Tenchusatsu	2 Recommendations Read Replies (2) of 1576178

Darn the bad news again, cucks! A ruble is now worth less than a penny! Russia's ruble breaks through RUB100 to the dollar barrier again (msn.com) Presumably the RuZZian central bank is trying its very best to artificially prop up the value of the ruble. For one, they hiked interest rates even though RuZZian inflation is nominally around 5-6% (if you believe what RuZZia is reporting). The central bank is also draining valuable foreign currency reserves to buy rubles on the international market. Funny thing is that RuZZia doesn't care about the benefits that its falling currency would have on exports, given that they've banned oil and gas exports for the time being. Either way, the falling ruble means one thing. No one wants it. Not even China and India, who is buying heavily discounted RuZZian oil with their own currencies. Tenchusatsu

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