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Posted

So, how many of you bought Rubles in the past 2-3 days? Can it be done now? The baht is currently up 26.7% against the ruble so 100,000 thb could net 127,000 thb in a few weeks. :wai:

Posted

Or, the ruble may continue to sink and never return to pre-war levels. You could get hammered.

 

Worst case: ruble gets replaced by a New Ruble, and your old ones turn to dust.

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Posted

The Russian Central Bank has been interdicted by Western sanctions. It can't sell gold or forex through legal channels to prop up the ruble,

Maintaining the stability of a country's currency is the role of all central banks, and they are normally sacrosanct in the world financial system. Blocking one of them out is unprecedented.

I expect the ruble to fall further, wars cost money.

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