Russian Officials ‘Resigned’ to Letting Ruble Fall Past 100 vs Dollar

https://www.themoscowtimes.com/2024/10/15/russian-officials-resigned-to-letting-ruble-fall-past-100-vs-dollar-bloomberg-a86692

10 Comments

  1. Putin’s regime is collapsing. Russia is losing in the Ukraine, their economy is a mess, and they can’t hack our election. Russia will fall. Democracy will win

  2. Pale-Assistance-2905 on

    Their official exchange rate seems basically made up anyway. Not sure what this does but ‘buy’ them a bit of confidence that somehow the exchange rate reflects reality. It doesn’t and the ruble will spiral out of control soon enough.