AldrichAmes:


How’s it temporary and artificial?

I guess you don’t understand basic economics. Once you earn more from export than you import - it’s basically normal for your currency to get stronger. And it’s highlighted in the article.

Coupled with the fact that Ruble is now backed with gold and they’re disconnected from collapsing American dominated market due to the US printing $6 trillion during lockdown. So they’re basically shielded.

The only thing “artificial” is that Ruble ought to be stronger than it’s now (around 40 to $1) officially but they can’t allow it to get that strong for now.

A lot of you don’t understand basic economics and how the financial market works. Global economy is on the verge of total collapse due to countries especially the US excessively printing money during lockdown without anything to back it up. Russia on the other hand has backed its currency with gold standard and its exports outweighs what it imports. It’s not rocket science.

only way for the rubble to fall is if gold generally starts depreciating which is impossible

Nellsworld:

Do u hear yourself at times before you type, or do you think Russia is a small country that export embargo will greatly affect, do you know why the US and EU can't enforce it, because it is going to wound their economy and the world generally, by the way, most countries in EU are paying in rubble and the Arab nations are having issues with Biden

Russia is actually an average country with an average economy and big fire power. That's all Russia is.

Find alternatives to Russia gas and oil and they will sink like a stone in water.

There is nothing special about Russia.

As of today , Britain is sliding into recession

Guyman02:
Russia is not printing so much paper called money, it has vast natural resources such as oil and gas and iron ore.
It has invested in agriculture and self sufficient in food, it's the world's largest producer of wheat.

Western leaders should have allowed the sleeping bear to lie but they didn't realise that Russia has spent the last 10 years preparing against western sanctions, now the west is facing a crisis with galloping inflation as cost of energy and grains continues to rise.

Instead of the unelected bureaucrats in EU and NATO admitting that they are facing an imminent food crises they keep saying that Russian blockade of Ukrainian ports will lead to famine in Africa (na lie, it's herdsmen menace that is a major problem for our farmers) not Russia vs Ukraine war..

Meanwhile, Nairaland imbe-without-cile called igbofam is searching through British DailyMail, Sun and CNN for the next anti Russia propaganda article to counter this basic fact about the Ruble.

That's what you get when you have people who can make sensible economic decisions that can turn around the fortunes of a country. Not the ones we have here that believe borrowing is the only way to run a country. Nigeria under Buhari is a mess. Can't wait for Tinubu to take over this country.

ekobami:
I Don’t Understand.
Who Sanctioned Who?

you will not make heaven i don die lol

Imagine it is Nigeria now, with Emefiele as CBN governor, our currency would have been #1m to $1. Lol

Isn't it funny that Russian gas still flows through Ukraine to other EU countries? They still get paid for it ����.

God bless mother Russia... !!!
God guard & protect Vladimir Putin... !!!

Z Z Z Z Z Z Z Z Z Z Z Z Z Z Z

techWriter0:


https://news.bitcoin.com/american-economists-are-baffled-by-an-unusual-situation-as-russias-ruble-is-the-worlds-best-performing-fiat-currency/

Anti Russia bolts won’t be happy to see this

jaxxy:


Russia is actually an average country with an average economy and big fire power. That's all Russia is.

Find alternatives to Russia gas and oil and they will sink like a stone in water.

There is nothing special about Russia.

You think it is easy like the way u are talking, it will take years for the EU to let go of Russia oil as Arab nations aren't selling much and selling at a higher price, the US don't have enough to sell, The south America countries are allies to Russia, stop reading CNN and face the fact that the EU can't do without Russia

Currency manipulation doesn't last forever, it's a matter of time,lol

You guys on this site are slightly unbalanced.

Bitcoin news is now verified news? A site that a 16year old is the admin and just posting rubbish from everwhere.

Please go ahead and purchase the Rubble if he sure for you. Shey the currency is going strong? Convert all your savings to Rubble.

funshint:
That's what you get when you have people who can make sensible economic decisions that can turn around the fortunes of a country. Not the ones we have here that believe borrowing is the only way to run a country. Nigeria under Buhari is a mess. Can't wait for Tinubu to take over this country.

Tinubu take over what? Take over this country? God forbid bad thing.

Elvictor:


God, Russia import everything?

Check the word " virtually "

victorv12:


We should learn from them. It's high time that the Nigeria government start selling our crude oil and being paid in Naira if we don't want the free fall of Naira to continue. Our thirsts for foreign currency is what's killing us.

African leaders are visionless and greedy, they are only after their pockets.