this post was submitted on 23 Nov 2024
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149
Ruble = rubble (bsky.app)
submitted 1 month ago by wildflower@lemmy.world to c/ukraine@sopuli.xyz
34 comments fedilink hide all child comments
 

"The Russian Ruble is even collapsing against the Ukrainian Hyrivnia Food for thought."

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[–] riodoro1@lemmy.world 6 points 1 month ago (2 children)

It was already collapsing a year ago.

[–] Buffalox@lemmy.world 8 points 1 month ago

Considering the hoops they've jumped to support it yes, but the rate was reasonably stable from August 2023 to September 2024.
But the "circus" started already February 2022, and since then Russia has used all sorts of tricks to keep the Ruble high.
Russia basically banned currency trading already back then, so it's been almost like the Soviet times since.

[–] khannie@lemmy.world 3 points 1 month ago

It did recover quite a bit in the first half of this year but is collapsing again since August.