DrDave Posted February 27, 2022 Share Posted February 27, 2022 8 minutes ago, stigar said: Rigth.Specially now that EU closed airspace for russian fligths.They will have problem flying back home now.. The middle-eastern airlines may continue to fly BKK to Russia. The bigger issue for Russians might be access to funds in order to pay for flights in the event that their Russian credit and debit cards are refused. 2 Link to comment Share on other sites More sharing options...
Popular Post Walker88 Posted February 27, 2022 Popular Post Share Posted February 27, 2022 1 hour ago, Walker88 said: This is from Tinkoff Bank, Russia's 2nd largest credit card issuer. I would guess any russians in Thai hotels might be asked in the morning to square their bills and put down additional deposit if they plan to stay more days. Rubble (sic)-Euro: 164 Rubble-USD: 153.75 On Friday the ruble-dollar rate was 85. Now it's 153.75 Of course this is Sunday, Moscow time, with think markets, so Monday opening could be different. (It also is way off the Euro-USD crossrate, so something seems amiss) Tinkoff Bank is now 171 rubles per dollar 3 1 Link to comment Share on other sites More sharing options...
jacko45k Posted February 27, 2022 Share Posted February 27, 2022 6 hours ago, stigar said: Rigth.Specially now that EU closed airspace for russian fligths.They will have problem flying back home now.. Not many EU countries between Russia and Thailand.....(I meant primarily impact on Russians). 1 Link to comment Share on other sites More sharing options...
scubascuba3 Posted February 27, 2022 Share Posted February 27, 2022 Big drops already, further drops today expected for IMOEX 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted February 28, 2022 Share Posted February 28, 2022 (edited) 4 hours ago, jacko45k said: Not many EU countries between Russia and Thailand.....(I meant primarily impact on Russians). True. Most fly southern route since long (Turkey, Iran). The hard hit is east Asia (Japan, Korea) to/from Europe. But I read that Finland will join the airspace closure. That's a hard time for Finair to fly to Bangkok/Phuket. They were quite popular. My route planning : Edited February 28, 2022 by KhunBENQ Link to comment Share on other sites More sharing options...
KhunBENQ Posted February 28, 2022 Share Posted February 28, 2022 To come back to the exchange rate. TT Exchange still showing 0.000 on their website. xe.com so far shows no further down for RUB/THB, 0.39. Maybe trade in RUB has come to a near halt? Link to comment Share on other sites More sharing options...
Longwood50 Posted February 28, 2022 Share Posted February 28, 2022 Bangkok Bank this morning 28/2/22 Link to comment Share on other sites More sharing options...
Popular Post aussiexpat Posted February 28, 2022 Popular Post Share Posted February 28, 2022 33 minutes ago, KhunBENQ said: To come back to the exchange rate. TT Exchange still showing 0.000 on their website. xe.com so far shows no further down for RUB/THB, 0.39. Maybe trade in RUB has come to a near halt? I just watched it fall off a cliff on XE in a matter of minutes since you wrote the above 3 1 Link to comment Share on other sites More sharing options...
KhunBENQ Posted February 28, 2022 Share Posted February 28, 2022 1 minute ago, aussiexpat said: I just watched it fall off a cliff on XE in a matter of minutes since you wrote the above I am up too early 1 Link to comment Share on other sites More sharing options...
Jingthing Posted February 28, 2022 Share Posted February 28, 2022 Any reports about long lines or not at SCB Jomtien beach where of course many Russians live? I have to go there soon and want to avoid long lines and also being involved in any international incidents. Link to comment Share on other sites More sharing options...
Banana7 Posted February 28, 2022 Author Share Posted February 28, 2022 (edited) Today, February 28, 2022: The Russian Central Bank introduced a “temporary ban” on sell orders from foreign legal entities and individuals, it added in a statement. Trading will only be allowed on the foreign exchange market, currency market and the repurchase agreement, or "repo" market. “The Bank of Russia will assess the feasibility of opening trading on other markets, depending on the development of the situation,” the statement said, adding that a decision on whether to open up the floor to other markets would be made at 1 p.m. local time (5 a.m. ET), with trading starting no later than 3 p.m. local time (7 a.m. ET). Edited February 28, 2022 by Banana7 Link to comment Share on other sites More sharing options...
Jingthing Posted February 28, 2022 Share Posted February 28, 2022 5 minutes ago, Banana7 said: Today, February 28, 2022: The bank introduced a “temporary ban” on sell orders from foreign legal entities and individuals, it added in a statement. Trading will only be allowed on the foreign exchange market, currency market and the repurchase agreement, or "repo" market Which bank? Link to comment Share on other sites More sharing options...
Banana7 Posted February 28, 2022 Author Share Posted February 28, 2022 Just now, Jingthing said: Which bank? Russian Central Bank 1 Link to comment Share on other sites More sharing options...
Will B Good Posted February 28, 2022 Share Posted February 28, 2022 2 hours ago, aussiexpat said: I just watched it fall off a cliff on XE in a matter of minutes since you wrote the above Think I would look to avoid visiting any known Russian hang outs in Pattaya for a while!!!! Going to be some irate punters knocking about. 1 1 Link to comment Share on other sites More sharing options...
scubascuba3 Posted February 28, 2022 Share Posted February 28, 2022 It really is in free fall, interest rate doubled to 20%. The MOEX index hasn't moved, suspended or closed, not sure 1 Link to comment Share on other sites More sharing options...
aussiexpat Posted February 28, 2022 Share Posted February 28, 2022 I'm thinking the Russian super rich already have the bulk of their money in USD so they'll likely make a huge profit when they buy back into the Ruble I know I wouldn't mind buying a stack of Ruble when it hits 0.200 to the baht ???? Link to comment Share on other sites More sharing options...
Popular Post Banana7 Posted February 28, 2022 Author Popular Post Share Posted February 28, 2022 (edited) 2 minutes ago, aussiexpat said: I'm thinking the Russian super rich already have the bulk of their money in USD so they'll likely make a huge profit when they buy back into the Ruble I know I wouldn't mind buying a stack of Ruble when it hits 0.200 to the baht ???? Be careful with that strategy. They may re-value the current ruble, and then issue a new ruble which will require 1,000 old for 1 new. They have done it in the past. Interest rate in Russia went from 9.5% to 20% today. Edited February 28, 2022 by Banana7 2 1 Link to comment Share on other sites More sharing options...
aussiexpat Posted February 28, 2022 Share Posted February 28, 2022 2 minutes ago, Banana7 said: Be careful with that strategy. They may re-value the current ruble, and then issue a new ruble which will require 1,000 old for 1 new. They have done it in the past. Well seeing as 1 Ruble is worth about 1 cent they probably should re-think it to make it meaningful ???? Link to comment Share on other sites More sharing options...
Banana7 Posted February 28, 2022 Author Share Posted February 28, 2022 (edited) 2 minutes ago, aussiexpat said: Well seeing as 1 Ruble is worth about 1 cent they probably should re-think it to make it meaningful ???? It's already less than 1 cent USD today, and heading lower. New York market hasn't opened for Monday Feb. 28 yet. From xe.com 1.00 US Dollar = 101.14369 Russian Rubles 1 RUB = 0.00988692 USD Edited February 28, 2022 by Banana7 1 Link to comment Share on other sites More sharing options...
sandyf Posted February 28, 2022 Share Posted February 28, 2022 On 2/25/2022 at 1:43 PM, EricTh said: So what does that mean? That Russians in Thailand can't exchange their money to baht in Thailand? Probably, and not for the first time. In 2014 when Russia went to a fully floating exchange rate there was extreme volatility and none of the exchange booths would touch it. I remember being behind some Russian teenagers and they were in tears because they couldn't exchange. Link to comment Share on other sites More sharing options...
Popular Post EricTh Posted February 28, 2022 Popular Post Share Posted February 28, 2022 2 hours ago, sandyf said: Probably, and not for the first time. In 2014 when Russia went to a fully floating exchange rate there was extreme volatility and none of the exchange booths would touch it. I remember being behind some Russian teenagers and they were in tears because they couldn't exchange. Putin should have recalled all its citizens abroad before making an invasion. There was no warning whatsoever and their citizens have to suffer. 5 Link to comment Share on other sites More sharing options...
Jingthing Posted February 28, 2022 Share Posted February 28, 2022 Just now, EricTh said: Putin should have recalled all its citizens abroad before making an invasion. There was no warning whatsoever and their citizens have to suffer. True but he was acting like he wasn't invading. 2 Link to comment Share on other sites More sharing options...
KhunBENQ Posted February 28, 2022 Share Posted February 28, 2022 Complaining about no interest? Invest in Ruble Prime rate raised today to 20%. Link to comment Share on other sites More sharing options...
EricTh Posted March 1, 2022 Share Posted March 1, 2022 13 hours ago, KhunBENQ said: Complaining about no interest? Invest in Ruble Prime rate raised today to 20%. I don't think we can open up a Ruble fixed deposit account in Thailand. Link to comment Share on other sites More sharing options...
Banana7 Posted March 1, 2022 Author Share Posted March 1, 2022 XE.com quoted 1.00 US Dollar =105.82806 Russian Rubles 1 RUB = 0.00944929 USD this is at Mar 1, 2022, 06:08 UTC. Maximum transfer is USD$200. Huge line-ups in Russia to get hard currency, reported by many news agencies. Moscow stock exchange did not open on Monday Feb. 28, 2022. In Bangkok, some exchanges are offering 0.25 baht for a ruble. I wonder where it will be in a week from now? Link to comment Share on other sites More sharing options...
Popular Post Banana7 Posted March 1, 2022 Author Popular Post Share Posted March 1, 2022 (edited) Reuters reports that MasterCard and Visa are complying with sanctions against Russia. I am guessing Russian based MasterCards and Visa cards are no longer working. I wonder if some Russians will be going home early? Edited March 1, 2022 by Banana7 3 Link to comment Share on other sites More sharing options...
stigar Posted March 1, 2022 Share Posted March 1, 2022 17 minutes ago, Banana7 said: Reuters reports that MasterCard and Visa are complying with sanctions against Russia. I am guessing Russian based MasterCards and Visa cards are no longer working. I wonder if some Russians will be going home early? Putin is killing russian economy and actually kill his own citicenz too.I wonder how long before he have to fleed the country.The thousands whos on the streets and not agree with him is arrested. 2 Link to comment Share on other sites More sharing options...
JoePai Posted March 1, 2022 Share Posted March 1, 2022 44 minutes ago, Banana7 said: Reuters reports that MasterCard and Visa are complying with sanctions against Russia. I am guessing Russian based MasterCards and Visa cards are no longer working. I wonder if some Russians will be going home early? If not then deport them Link to comment Share on other sites More sharing options...
bert bloggs Posted March 1, 2022 Share Posted March 1, 2022 1 hour ago, Banana7 said: Reuters reports that MasterCard and Visa are complying with sanctions against Russia. I am guessing Russian based MasterCards and Visa cards are no longer working. I wonder if some Russians will be going home early? No money no flights,i bet a lot here are in dire straights 1 Link to comment Share on other sites More sharing options...
sandyf Posted March 1, 2022 Share Posted March 1, 2022 20 hours ago, EricTh said: Putin should have recalled all its citizens abroad before making an invasion. There was no warning whatsoever and their citizens have to suffer. They are going to suffer either way, all sanctions ever achieve is making the population suffer, never those in control. Link to comment Share on other sites More sharing options...
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