JUST IN - Russia’s central bank raises its key interest rate to 12% from 8.5% at an emergency meeting after the ruble crashed - The Great Awakening - Where We Go Qne, We Go All!

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JUST IN - Russia’s central bank raises its key interest rate to 12% from 8.5% at an emergency meeting after the ruble crashed (media.greatawakening.win)

posted 1 year ago by 17JCsCrib26 1 year ago by 17JCsCrib26 +180 / -1

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– BasedCitizen 3 points 1 year ago +3 / -0

???

Interesting, but it looks fine to me: USD/RUB (Yahoo Finance)

EDIT: I was wrong. The chart does show a weakening ruble. Thanks u/merf!

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– merf 3 points 1 year ago +3 / -0

That chart means if you converted USD to RUB, you would get roughly 25% more now than you would a month ago. Which means weakening RUB.

25% devaluation is significant. Do what you can to support them within legal means.

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– BasedCitizen 3 points 1 year ago +3 / -0

In my defense, I was doing a hand stand when I looked at it. ;)

You are right, I did read it wrong. Thanks merf!

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– deleted 4 points 1 year ago +4 / -0

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– FrogoMeemins 2 points 1 year ago +2 / -0

Trade sanctions are the main factor that would push things in the direction of decoupling? Correct?

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