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> The Ruble is strong and Russia's GDP will grow more than the UK this year. Not. The economic numbers of Russia are now manipulated by Russia and the West. Th
by lispm 4y ago
> The Ruble is strong and Russia's GDP will grow more than the UK this year.
Not. The economic numbers of Russia are now manipulated by Russia and the West. The value of the ruble in many markets is nearing zero, since Russia can't buy much for it, because it has lost access to those markets. It lacks supplies and needs to invest a lot of money into a war economy. Russia now has a war economy - the big and rising economic activity is running a large war and to dampen the effects of sanctions against Russia.
- kornhole 4y agoWhat do you mean the Ruble is near zero? All charts I see show it higher against the dollar compared to a year ago. https://www.wsj.com/market-data/quotes/fx/RUBUSD/historical-prices https://www.wsj.com/market-data/quotes/fx/RUBUSD/historical-...
- thephyber 4y agoI’m guessing that ForEx ratio is highly dependent upon where you are when you trade it and I would wager the volumes are low or non-existent in any country that has sanctioned Russian exports like oil, gas, and metals.