Post
Topic
Board Economics
Re: Unusual Situation as Russia’s Ruble bounces back as world best per fiat currency
by
mk4
on 09/06/2022, 13:48:44 UTC
According to what I found online, Russia ruble has not been in its best since the invasion. Russia invaded Ukraine on February 24, ruble price increased during that time, since February 25th and got to its pick on March 11th which is its peak (on the the graph below). Ever since March 11th, ruble price has been on the decline and fall more than the price it was before the war.

And their currency having a blow-off top like a total shitcoin is only just the tip of the iceberg. Their stock market is getting toast, and it seems likely to continue as well.