Oh, Nyet! Look At That Ruble Go…

2022.06.12 12:55

I can’t help but notice how Biden and other leaders aren’t mocking the Russian ruble (as they called it earlier this year, the “rubble”—) lately…………

RUB/USD Chart

Let that sink for for a bit. The Ruble has more than in value against the US dollar in a span of less than three months. For another way to look at it, check out the longer-term US dollar versus the Ruble.

Yes, it surged initially during the sanctions, but check it out now. The US dollar has been reduced to one-ply toilet paper. Quite a change, huh?

USD/RUB Chart

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