Like watching the Kremlin slowly burn!
We could see this in the eyes of that little Red haired Woman w the glasses who was forced to run the banks when she tried to quit-
When she said "The state has run out of -Tools- to regulate the economy"
Going up like a falling knife. When stocks collapse they eventually reach a level where there are enough willing buyers to stop the fall. The only buyer I can imagine for Ruble is their central bank, but it doesn't seem too willing.
I wouldn't call this move an intervention. Intervention would be if they went to the markets and bought Rubles with tens of billions Renmimbis, thus driving price up.
In the past 5 years the Russian ruble has lost 1/3 of its value vs US dollar, and decreasing.
While inflation in the US has been so bad the last 4 years that the US needed to install a pro-Putin government.
Comments
We could see this in the eyes of that little Red haired Woman w the glasses who was forced to run the banks when she tried to quit-
When she said "The state has run out of -Tools- to regulate the economy"
Really !
or 0.0070 rub/usd
Copper/metal alloy ~ 10 USD/kg ~ 1.100 RUB/kg
1 RUB coin ~ 3g ~ 3.3 RUB
While inflation in the US has been so bad the last 4 years that the US needed to install a pro-Putin government.