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TexasTowelie

(116,804 posts) Fri Oct 6, 2023, 05:41 AM Oct 2023

Russian Ruble Collapses to Record Low as Economy Crashes - Joe Blogs

The value of the Russian Ruble has COLLAPSED over the past 12 months and the value has now fallen to more than 100 against the US Dollar. The only other time that this has happened was 14th AUGUST when the Russian Central Bank called an Emergency Meeting and Hiked Interest Rates by 350bps. In this video I discuss this issue in more detail and the implications for the Russia Economy.

4 replies

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Russian Ruble Collapses to Record Low as Economy Crashes - Joe Blogs (Original Post) TexasTowelie Oct 2023 OP

I have been reading the same headline in various forms ever since Russia doc03 Oct 2023 #1

Slow but sure. Roc2020 Oct 2023 #2

You're correct about their European support. TexasTowelie Oct 2023 #3

Yes! Roc2020 Oct 2023 #4

doc03

(36,705 posts)

1. I have been reading the same headline in various forms ever since Russia

Reply to TexasTowelie (Original post)

Fri Oct 6, 2023, 08:31 AM

Oct 2023

invaded Ukraine. Somehow Russia is still in Ukraine and Putin is being backed by the Republican party here.
There are signs that the EU is also losing their resolve.