Russian ruble 30% stronger against US dollar than before invasion

[Loki]

https://www.aljazeera.com/economy/20...pital-controls

Currently I see it's around 56 ruble to the dollar, the highest level in almost 4 years. Putin's government is really skilled fiscally! America was bragging they would "crush" the ruble quickly. But Russia is extremely resilient and one of the most self-sufficient economies on earth.

[Blondie]

I have heard about it. It seems Russia is fine, but everything is more expensive in the EU.

[Lemgrant]

Dollar is getting cheaper. What will happen to Russia? (English subs)

[gixajo]

The strength of a currency is good news if it is the product of rising productivity or strong growth, but if that strength is produced artificially by state intervention could produce more problems ad harm than benefits.

The article superficially points out this that I comment at the end.

[gixajo]

Dollar is getting cheaper. What will happen to Russia? (English subs)
deo]

They have read "strength" and inmediatelly some people think it´s always something good, but in this case...we will see next months, effects of all this will be unnoticed till all (presumably) explodes.

Although it can also have some good effects on the economy, but it is necessary to analyze how and when this currency strength is produced in relation to the economic moment of the country to be analyzed and the rest of the economies.

[Russki]

(...)

It's not a result of Central Bank intervention, but European Gas consumers selling EUR to buy RUB

EUR-RUB trade volume the highest since 08.07.2013

https://www.vedomosti.ru/finance/art...-torgov-s-evro

[Hektor12]

Is Russian economy %30 stronger, this is the question. Currency is nothing, what you can do with that matters. More explanations required in case of war and Russian economy.

[gixajo]

It's not a result of Central Bank intervention, but European Gas consumers selling EUR to buy RUB

EUR-RUB trade volume the highest since 08.07.2013

rl]

And who take the decision that Russian gas be paid in rubles obligatorily?

[catgeorge]

Commodity prices rising - Russia is hoarding critical minerals and is systematically busting western economies atm.

[frankhammer]

Feel free to sell all your western assets, then exchange that currency into Russian roubles and investments. In fact, Russophile propagandists, I dare you to put your money where your mouth is.