I wonder why the Rube is trading above its Normal Currency Band..
Could be … Hahahahaha
Look at volume... there isn't any. Nobody buying rubble..
Once they have used up their saved up Euro/US to prop up their currency it will plummit.
Well, Northman, I’d have to say that the Russian Ruble does indeed have mega value and not just the Russians’ perception of its intrinsic value.
According to the WSJ Renault is in talks to sell their total Russian Business venture for 1 Ruble. One Ruble.
Poland doesn’t have to have Russian gas. Long ago they set up their LNG facilities and will soon be operating on the Baltic Pipe system (gas from Norway) as will the Netherlands and other European countries that want it as the line is a bi-directional with feeders.
One of Russia’s very biggest banks just went into default and the 30 day grace period for Russian bonds debts payments is right around the corner. Those are predicted as being a 95% chance of default.
All things considered, y’all Putinistas are really looking great with your Russian support.
Heh!
