Russian Central Bank sets official ruble exchange rates for nine more currencies.
The Central Bank of Russia is to set official exchange rates against the ruble for nine foreign currencies starting from January 18, 2023, the regulator said in a statement.
The list includes:
- United Arab Emirates (UAE) dirham
- Thai baht
- Vietnamese dong
- Serbian dinar
- New Zealand dollar❗️
- Georgian lari
- Indonesian rupiah
- Egyptian pound
- Qatari riyal #Dedollarization
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❗️❗️The comments section mentions over and over, WHY IS NZ ON THIS LIST.
The implications of this is HUGE!! NZ is the jumping off point to ANTARTICA.
I’m just not following. You can buy rubles now. The exchange rate depends on your currency you seek to trade for rubles. Whether that is dollars, pesos, euros, shekels…whatever.
Russia might have accepted US dollars for rubles. And they probably still do. But when you are sanctioned by the west and forced out of the swift system, that becomes a problem. Hence, they forced the euros to pay them in rubles for natural gas.
The main problem with foreign currencies flowing into your country is that you need enough trade with that country that their currency is useable by your people. The US gets away with its fiscal policies because the rest of the world is content to own things in America with the dollars they receive from trading. I’m not sure anyone wants to buy a lot of Russian stuff. So I’ve heard a lot of physical gold is being sent to trade for rubles instead.
So if you wouldn’t mind, please enlighten me here. I am not getting it. How does creating a fiat exchange rate = a partnership with that country? Just not getting there with this single fact.
If you want to purchase anything from Russia, you must pay in Rubles or gold. BRICS has many, many countries lining up to join, including Saudi Arabia, which may have by now. The BRICS nations currency will be backed by GOLD, not paper or fiat. China, India,have been buying up tons of gold for awhile, but that has shot up immensely recently. Russia wants nothing more to do with the USA or Europe. They will now trade between the ASIA markets. The world needs Russia, but Russia doesn’t need the world.