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/biz/ - Business & Finance

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49554340

Anonymous Sun Jun 12 15:16:23 2022 No.49554340 [Reply] [Original]

why is the ruble gaining so much strength against the dollar?

>>	Anonymous Sun Jun 12 15:30:21 2022 No.49554592 File: 24 KB, 360x366, 1654315838206.jpg [View same] [iqdb] [saucenao] [google] Russia has leverage because of oil. They can demand rubles in exchange for oil.

>>	Anonymous Sun Jun 12 15:42:13 2022 No.49554793 >>49554592 This, and rate hikes/monetary policy in Russia. >>49554340 Just as the US can print money, Russia's central bank can "un-print" money to manipulate the value higher.

>>	Anonymous Sun Jun 12 15:42:49 2022 No.49554806 >>49554340 because oil is more important than ESG rating democrats don't understand this