Posted by IDQWE001 > 2023-04-13 09:34 | Report Abuse

-Russia's currency is trading at 75 rubles per US dollar, the lowest it has been in 10 months. -The 20% depreciation since December comes amid falling energy revenues and higher government spending. -Russia has been selling its reserves of Chinese yuan to help close budget deficits.

Be the first to like this.

18 comment(s). Last comment by IDQWE001 2023-04-17 18:01

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-13 09:34 | Report Abuse

Just have a good guest. Either Russia or US go bankruptcy first ? Either Russia's ruble or US dollar will become toilet paper first ?

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 12:22 | Report Abuse

The Russian Ruble is Collapsing (Down 34% in 4 Months)

https://youtu.be/fiNtTYJKUF4

brightsmart

3,784 posts

Posted by brightsmart > 2023-04-14 13:03 | Report Abuse

u live in Malaysia. U dont live in America..........

Malaysians are not brain washed to hate China/ CCP.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 13:29 | Report Abuse

Posted by foongsh > 46 minutes ago | Report Abuse

Then evil supporters start shouting i.diot, telling lies, traitors etc. showing them a very pity and hopeless because they know you are telling the truth with facts and figures but they don't know how to answer ...

The_JQuestion

1,578 posts

Posted by The_JQuestion > 2023-04-14 16:10 | Report Abuse

CCP is our saviour without CCP south east asia will be poor and back to farming heheh true???

foongsh

1,378 posts

Posted by foongsh > 2023-04-14 16:57 | Report Abuse

Posted by IDQWE001 > 1 day ago | Report Abuse

Just have a good guest. Either Russia or US go bankruptcy first ? Either Russia's ruble or US dollar will become toilet paper first ?

Today Russian Ruble becomes toilet paper, tomorrow will be recycle paper.

brightsmart

3,784 posts

Posted by brightsmart > 2023-04-14 17:14 | Report Abuse

the americans can steal Russia reserves, crash their rubles but cannot defeat Russian resilience.

for the russians its like ww2 all over again.

brightsmart

3,784 posts

Posted by brightsmart > 2023-04-14 17:16 | Report Abuse

the russians were cheated in 1990, they will not be defeated again.

angrycat

283 posts

Posted by angrycat > 2023-04-14 17:20 | Report Abuse

Putin is a hero, Putin dare to stand up to US-Nazi

brightsmart

3,784 posts

Posted by brightsmart > 2023-04-14 17:23 | Report Abuse

yes, I like Putin.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-14 18:00 | Report Abuse

Russian Soldiers Surrendered To Ukraine By Raising White Flag!

https://youtu.be/LUPRqrWoU-k

Russian soldiers rubbish.

brightsmart

3,784 posts

Posted by brightsmart > 2023-04-15 00:24 | Report Abuse

The western press speaks for the west: others must speak

brightsmart

3,784 posts

Posted by brightsmart > 2023-04-15 00:27 | Report Abuse

UK and US together makes up 5% of the world, they pretend to speak for the world through control of the media

supersaiyan3

3,128 posts

Posted by supersaiyan3 > 2023-04-15 06:04 | Report Abuse

Rich people speaks for the world.

Putin go down very soon, like Hitler. 2 more war, spring and autumn then bye bye Putin.

In Malaysia also got people "Hail Hydra", lol

BILLC

2,042 posts

Posted by BILLC > 2023-04-15 12:36 | Report Abuse

Okay,,,,mark your words,,,,in 6 months time whether you’re sinkalan or not,,,,,,

Posted by supersaiyan3 > 6 hours ago | Report Abuse

Rich people speaks for the world.

Putin go down very soon, like Hitler. 2 more war, spring and autumn then bye bye Putin.

foongsh

1,378 posts

Posted by foongsh > 2023-04-15 13:04 | Report Abuse

Posted by supersaiyan3 > 6 hours ago | Report Abuse

Rich people speaks for the world. ..

Always believe in cause and effects. Killers will be punished eventually just wait and see.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-17 17:58 | Report Abuse

Dollar incense! Russian central bank ridiculed: Renminbi is not freely convertible, there is a risk

[Financial Channel/Comprehensive Report] China is promoting the internationalization of the RMB, claiming to overthrow the hegemony of the US dollar, and signing local currency settlements with many countries, but it was brutally beaten by its friend Russia. The Central Bank of Russia issued a report to remind importers and exporters that RMB is not freely convertible and lacks hedging tools, so they should use RMB for settlement.The Russian central bank bluntly stated that the renminbi cannot be freely converted and lacks hedging tools, and switching to renminbi settlement will face risks.

IDQWE001

2,992 posts

Posted by IDQWE001 > 2023-04-17 18:01 | Report Abuse

Not only that, the Russian central bank also issued a report warning importers and exporters of the risk of switching to RMB settlement.

On April 10, the Research and Forecasting Department of the Central Bank of Russia released the report "Review of Russia's Financial Sector and Financial Instruments", publicly pointing out that under Western sanctions, changing the settlement structure of Russian export companies and adjusting the composition of counterparties cannot eliminate currency risks , if the old contract of "unfriendly" currency can be preserved, such contract can be strengthened by the central bank "encouraging" exporters.

The report puts forward the reasons. First, there are risks in the transition to RMB settlement, because the RMB or the currencies of friendly countries (referring to Russian allies) are usually not convertible or have limited convertibility; second, there is a lack of hedging tools, especially the characteristics of the currencies of "friendly countries" However, the volatility is high. Compared with the traditional "unfriendly national currency" market, the derivatives market for friendly national currencies such as the RMB is often less developed, which makes it difficult to hedge the risk of friendly national currencies.

As a result, Russia has been selling its yuan and buying Western currencies this year.

Post a Comment
Market Buzz