₦airaland Forum

Yampotatocarrot:
What could be the cause of this,even with the economic sanctions on them?

The rubies for oil agenda, does it mean countries buying their oil will have to source for rubies to pay same way we source for dollars to import things in Nigeria?

goodnessme1:
And Nigeria naira is worst.




Useless country

reiddecuti:
God bless mother Russia.

God bless Putin.


Like for Rubles.

Share for Dollars.

dfrost:
Story.

How many countries trade in rubles?

Curdlebug:
lol... only spent in russia... why not?

goodnessme1:
And Nigeria naira is worst.




Useless country

OlawaleBammie:
it will definitely render you yusless b!tc#

Yampotatocarrot:
What could be the cause of this,even with the economic sanctions on them?

The rubies for oil agenda, does it mean countries buying their oil will have to source for rubies to pay same way we source for dollars to import things in Nigeria?

WriterNig:
Russia’s ruble

dfrost:
Story.

How many countries trade in rubles?

WriterNig:
Russia’s ruble

dfrost:
Story.

How many countries trade in rubles?

Mj4199:
Like Nigeria Naira that is trade all over the world abi and yet can't perform

NOETHNICITY:
I’ve a brainwashed Nigerian friend

Everyday he believes the Russian economy is decimated

My favorite world leader today is China’s Xi jinping.
Followed by Russia’s Putin!

World power has shifted significantly away from the collective west! The earlier they realize it the better

ibrocool:
There's nothing like production power. When a country is blessed with resources and they manage it very well, it is easier to flourish. I wish our leaders could do the same and make naira among the best currencies in the world.

Yampotatocarrot:
What could be the cause of this,even with the economic sanctions on them?

The rubies for oil agenda, does it mean countries buying their oil will have to source for rubies to pay same way we source for dollars to import things in Nigeria?

Domainer1999:
Is Naira spent in America?

goodnessme1:
And Nigeria naira is worst.



Useless country

WriterNig:
https://www.telegraph.co.uk/content/dam/business/2025/04/15/TELEMMGLPICT000419835112_17447336724570_trans_NvBQzQNjv4BqA7N2CxnJWnYI3tCbVBgu9T0aesusvN1TE7a0ddd_esI.jpeg
https://cdn.shopify.com/s/files/1/0580/2390/3370/files/3c24166ffc1c198b079ea92157df6f51_1024x1024.jpg

🇷🇺 Russia’s ruble has surged to become the best performing global currency, posting this year’s strongest gains against the dollar to outpace even the traditional safe haven of gold.

The ruble has strengthened 38% versus the dollar on the over-the-counter market since the beginning of this year, data compiled by Bloomberg shows.

While the US greenback has reeled from mounting pressure caused by US President Donald Trump’s escalating tariff wars, Russia’s currency has also been buoyed by factors unique to the country, including record-high local interest rates.

“Unlike many emerging-market currencies, the ruble is not facing pressure from capital outflow, caused by global investors’ retreat from riskier assets,” said Sofya Donets, an economist at T-Investments. “Capital controls have largely shielded Russia from this” while high borrowing costs support the currency, she said.

Domestic factors have amplified the ruble’s gains against the weakening greenback, even as sweeping sanctions imposed by the US and its allies over the February 2022 invasion of Ukraine remain in place. While a strengthening currency may be welcome news for inflation hawks, it risks damping energy revenue when the state is spending massively on military needs and social programs.

Foreign investors, undeterred by lingering sanctions risks, are turning to countries that remain on good terms with Russia to gain exposure to high-yielding ruble assets, said Iskander Lutsko, the Dubai-based head of research and portfolio management at Istar Capital.

On the top of that, Russian companies are eager to refinance prohibitively expensive local-currency debt, using much cheaper yuan-denomination, which is driving additional conversions of foreign currency into rubles, Lutsko said.

themanderon:
Your leaders have no control over the resources of the country. Leave what they are telling you.

Blackdisciple:
Naira nko