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[–] 1 point 8 months ago* (2 children)

Ironically the USD:rouble rate is rising the last several days.

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  • [–] 1 point 8 months ago (1 child)

    The rubles "value" is not very predictive of its real value because no one uses it. It's like if I print and exchange "Valmonds" with my friends for 10€ a piece (having my "central bank" buying them back for 10€50 to keep "the price" high), doesn't make them actually valuable.

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  • [–] -1 points 8 months ago*

    Afaik RUR was following the oil price quite closely for many years until 2022, seeing as oil exports dwarfed everything else. Since then, the Central Bank of Russia did a lot of trickery to control the rate. However, the rate was pretty stable for weeks at ~70 rub/usd, after USD:RUR has fallen a bit — until the last few days, precisely when oil price should've risen, and idk what caused that. It's jumped to 84 rub/usd in about four days.

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