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They’ll just suspend trading again, likely until trump lifts sanctions. Value can’t fall if it can’t be compared in the market.
Lost like 7 percent today (or percentage points, funnily about the same here).
They’ll catch up over the next few months as we see a sharp decline in the value of the US dollar and Trump ending sanctions against them.
A couple people are saying things like that in this thread. Obviously not everyone is an economics expert. This really started crashing like 2 weeks ago, and they are very near a point of no return. What I’m saying is, they don’t have months. This is kind of already game over.
Tbh I don’t know shit about shit. I was just making a flippant prediction that’s more about America than Russia.
I figured. I was hijacking =]
Well, we can still track the “value” of the Ruble against the Euro.
Hasn’t the russian central bank closed all foreign currency transactions? That was what I understood (source Joe blogs).
More like russian rubble , amirite?
They’re called low hanging fruit for a reason
Shit, I just wanted to make that joke 😂
Guess I am not the only one.
What does it even matter if you can’t exchange it?
It happened in 2022 and bounced back to 2 cents in just weeks. Trump comes back in weeks, I can see things looking better for Russia with Trump’s presidency. I might be wrong, maybe the whole world is going to shit with Trump.
Any indication of what changed?
It’s probably not anything that recently changed. Economies are like rubber bands. They can stretch and run for a while in a deficit or without having proper upside cash flow while in a wartime economy, but eventually all of that has to come back. Russia has just had compounding economic problems (because they’re stupid) and now the hurting is starting to add up.
The value of the ruble. It’s right there in the graph.
Prepare for trouble !
And make it ruble!
Holy shit 115 rubles per dollar?
That’s like 0.0086 USD
Looks like BTC at this point haha
BTC was $95k when I checked a few hours ago.
well I’m glad I didn’t take action on my joke of “we should invest now while it’s at 10 cents!” at the start of the war lol
haha
I’m in tears
It hasn’t been anywhere near a US cent in many years.
The graph is right there…
I was referring to the “no longer” bit. You have to go a very long way back to see a significant change. They were already in a very deep hole. They are just continuing to dig.
One time the homie showed me a meme of some stock performance charts and I just could not stop laughing
