“Meanwhile, the rouble has been buoyed by record-high interest rates of 21pc as the Bank of Russia battles to temper inflation and support Vladimir Putin’s struggling war economy.
The currency also faces capital controls from the Kremlin which banned foreign companies from withdrawing their assets from Russia, requiring them to keep assets in special accounts.
Sofya Donets, an economist at T-Investments, said: “Unlike many emerging-market currencies, the rouble is not facing pressure from capital outflow, caused by global investors’ retreat from riskier assets.
“Capital controls have largely shielded Russia from this.”
The rouble’s rise – despite sweeping Western sanctions against Russia – comes as currencies around the world have surged against the dollar after Mr Trump’s trade war deepened fears of a US recession.”
You can thank Trump for the dollar’s decline. You can also thank Russian capital controls for the fake rise of the rouble. 21% interest rates help as well. Another dumb post by you today. Maybe you should take a break.
Perhaps you should read the article before propping up your boy…
Replies to: "Perhaps you should read the article before propping up your boy…"
- Once again the best-performing currency in the world 2025 YTD goes to... [LINK]
- Eli - 3:21pm 5/1/25
(13) [View All]
- Perhaps you should read the article before propping up your boy… - Domer From Hell - 3:58pm 5/1/25
- And the whole rotten third world edifice of an economy is teetering as oil and gas prices tank. [NT] - Frank L - 8:12pm 5/1/25
- 21% interest rate is dealing with inflation caused by hot economy. Banning foreign companies from - Eli - 7:00pm 5/1/25
- It’s “ruble” not “Rouble”, you tremendous douche. [NT]
- Frank L - 8:05pm 5/1/25
- My bad. Thanks for reading, you ass. [NT]
- Eli - 8:09pm 5/1/25
- Educating rubes like you is always a pleasure. [NT]
- Frank L - 8:13pm 5/1/25
- Educate? Impossible [NT]
- Domer From Hell - 9:16pm 5/1/25
- True, correcting is a better description. [NT] - Frank L - 9:44am 5/2/25
- Educate? Impossible [NT]
- Domer From Hell - 9:16pm 5/1/25
- Educating rubes like you is always a pleasure. [NT]
- Frank L - 8:13pm 5/1/25
- My bad. Thanks for reading, you ass. [NT]
- Eli - 8:09pm 5/1/25
- An economist you’re not… - Domer From Hell - 7:07pm 5/1/25
- It's 101. But it's a rocket science to you. - Eli - 7:13pm 5/1/25
- And you posted the article. Obviously, your Chinese education failed you in terms of reading … - Domer From Hell - 7:33pm 5/1/25
- “We”? You’re a fucking idiot. The only reason you’re accepted in the MAGA community… - Domer From Hell - 7:28pm 5/1/25
- It's 101. But it's a rocket science to you. - Eli - 7:13pm 5/1/25
- It’s “ruble” not “Rouble”, you tremendous douche. [NT]
- Frank L - 8:05pm 5/1/25
- 21% Central Bank interest rates will do that every time. [LINK] - Curly1918 - 3:52pm 5/1/25
- Perhaps you should read the article before propping up your boy… - Domer From Hell - 3:58pm 5/1/25