Is This What You Wanted? Ruble Reaches Two Year High Against Dollar
(www.investmentwatchblog.com)
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It is direct consequence of sanctions. Suddenly, many people discovered that they don't really need USD/EUR to buy nearly everything they need from abroad. There was build interesting unofficial scheme to circumvent the IMF order about international trade only in USD/EUR for Russia. Foreing companies opens accounts in Russian banks in their own currencies. Some buy things from Russia, some sell things to Russia. And money does not even cross the border. I don't know how long that will work, but it is much easier and reliable to trade with foreign countries, because local currencies rates to RUB is much less vulnerable for high-frequency trading and there is very low probability to catch losses on the rate change during transaction unlike with USD/EUR.
Really, there is very little things West have to offer now. West mostly destroyed its manufacturing and allowed China to become wordwide factory and India worldwide chemical synthesis kingdom. And it is easier and cheaper to buy even Western stuff from China/India. From western cars spare parts to the complex industrial equipment. Even fucking iphones. You think they disappear or become very expensive? No. They become cheaper, because now they imported from China unofficially for yuans without all that official stores and services additional expenses.
IDK if that will last long, since that stupid bitch, Central Bank of Russia CEO Nabiullina who continue to push IMF agenda was set for another term, and she definitely will try to restrict anything that is against IMF orders, including that trick with non-crossing-border international transactions.
Interesting, that only thing government really did useful during all that time was allowing "grey" import, i.e. unofficial importing of branded things. Few months ago you could not import a batch of iphones if you are not an Apple representative and this is not officially authorized by Apple import deal. Now that restriction repealed, so anybody could import any branded things from anywhere without any control of trademark owner.
You have no fucking idea what you are talking about.
I was discussing this about a month ago when they decided to move back to a petrogold standard. Their currency has more than doubled in value since then. Right now it's hindering some historic levels and is likely set to double again fine the rate of inflation and money printing within the fake currencies
Rubel has reached nothing. It is just Russia pretending.
Russians cannot buy foreign currency in Rubbles so whatever Russia claims the Rubel is worth is totally meaningless.
You seem to have a pretty fixed position of hate on this forum.
Clearly you have no idea about the state of global economics to have this position. You cannot measure Russian anything with your tooling, this much is clear.
So, totally meaningless is your comment.
Explain please how one can trade the Ruble into foreign currencies in Russia right now. If the Ruble is really so strong then Russians must buy plenty of other currencies.
So what's the current trade volume?
I guarantee that you will not answer the question/
25 billions a day for CNY/RUB trade now and growing fast. That was a monthly volume just in February.
www.moex.com
Oh, I forgot, everything that is against narrative or from Russian source is a Russian propaganda.
The claim is that Rubble has reached a high against USD. What's the volume for that?
and while you are at it, do you know what interest rates snd inflation are currently in Russia?
~150 billions a day and falling. There are no demand for USD due to sanctions and it obviously loosing in price. At least until IMF via Central Bank of Russia will take some aggressive action to force international trade to USD back. However, at least now, it could be dangerous for IMF and its shills here, since business tasted the freedom from the forced USD abroad payments and it will be very agressive unrest for any IMF shills movement.
Interest rates are 17-20% year, depending on the bank, few percent higher than before sanctions, Central Bank key rate is set to 17%. Still too high for long-term business projects, but no any significant change in comparison to the last decades and not hte highest one we had earlier.
Inflation is different for different groups of goods, From 100% for wooden planks (for unknown for me reason, but that happened before all that NWO mess in Ukraine) to -50% for some branded gadgets due to lack of official dealer extra charges. Fuel and energy are stable. For the food and other daily stuff it is around 20% a year, with some obvious seasonal oscillations, but nothing extreme at all. Nowhere near the times when you exchange bag of money to the bag of food in a grocery with 200% a month inflation.
Overall, real impact of sanctions is very far from what was declared by West and sanctions are much worse for the West than for Russia. I think that it is intended and according to NWO plan. That fucking bastards want to do harm to the West, not Russia.
FX Swaps are not even close to that. What are you smoking?
Extremely high-interest rates paired with high inflation. You know how that is called?
Stagflation.
Look it up.
Getting out of that will be pretty much impossible for Russia.
Add to that no foreign investments (unless you consider Chinese economic colonialism), Western Nations in the mid-term getting rid of Russian gas, no significant domestic industrial production, no access to Western high-tech components.
Russia is fucked for generations to come.
I don't care about your fake economic monetaristic theories and don't care what you smoke. You want figures, I gave you figures. If you don't like them, I don't care. I don't have figures to satisfy your imaginary theories. Take them anywhere else.
This is not extremely high for Russia. This is just average for last two decades. Nobody cares.
Russian government have no any plans to get out of "that".
There was too lilttle foreign investments due to high corruption and high risks. Also, there was no any really useful for Russia investments at all, like building high-tech enterprises and factories to utilise raw resources in place and sell final products to the West, not raw resources. So, we didn't have foreign investments in the past, do not have them now. What have been changed?
That's excellent! More cheap gas and fuel for internal Russia market. I personally think that selling our raw resources abroad is a complete stupidity and treason. No raw resources should be sold abroad at all. Only final products made from them locally for completely another price.
What do you mean? There are no significant production on the West, not in Russia. Yes, production in Russia is lower than in China, but greater than Western one.
For a long time I saw nothing high-tech "Made in West". Even high-tech things bought from the Western companies have inevitable "Made in China" labels everywhere. So what exactly you mean under "Western high-tech components"? Don't get me wrong, I like high-quality high-tech tools "Made in USA" or "Made in Germany". Where could I find them now? Can I buy a car that really "Made in Germany", not assembled in Kalinigrad from Chineese and Turkish parts? Will buy two.
As you wish. Better be "fucked" that way, than strictly follow all that NWO agendas, from LGBTXYZ+ shit to snitching on neighbours for not wearing a mask at home.
What dumb shit have you to say now? where is the relevance? just more evidence you have no idea how any of this shit works.
You have no idea why the value of any fiat currency is what it is on the world stage, you are simply just repeating nonsense over and over.
if you need to ask these questions it shows how ignorant you are.
if Russia claims a specific exchange rate but nobody can trade then that rate is meaningless.
You seem to live in a fantasy where you do not understand the internalization forced upon Russia by the west.
This means your stupid economic models and expectations do not fit. Your understanding with trade and your logical destruction carried out by the CrazyRussian itself reveals your ignorance.
You are confused on what era it is, what is current what is in the past, you are just confused in general.
The economic models fit perfectly fine because no economy exists on its own, especially not Russia's. If nobody is trading Rubble for foreign currencies then it ks meaningless what Russka claims as exchange rates.
Your retarded comments just show how totally ignorant you are about the subject matter.
Again still spewing senseless shit, a true indication of your understanding.
Ben, you stupid simpleton, to assert that the economy of Russia is an international consideration thus based on how it interacts on the global market, just proves you are a fucking idiot with no understanding of anything at all.
Go ahead with your fairy tale beliefs that the currencies of the world are configured and operated solely on the basis of external trade, with no understanding of manipulation and all the other actions that occur, you are a fucking waste of breath, fuck off.