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Russian Central Bank to hold extraordinary meeting as rouble tumbles (www.euronews.com)

submitted 2 years ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 2 years ago (2 children)

It's been worse. What did they do back in March 2022 to make it gain value? https://www.xe.com/currencycharts/?from=RUB&to=USD&view=5Y

[–] [email protected] 15 points 2 years ago

They pulled a bunch of emergency levers then to stabilize the ruble (and the economy as a whole). Thing is, emergency levers are emergency levers. You can't just keep pulling them. It's been predicted for a while that Russia would not be able to prop up its economy forever.