A Russian Ruble today cost 13 cents (US dollar).
November of last year, it was 14 US cents.
2018, it was 18 cents.
Around 2008, it was 43 cents.
Projection? I read a piece this morning where they figure the rate will drop again by late March to a Ruble buying 10 cents (US dollar).
Chinese coming in and buying natural gas contracts? I'd be strongly encouraged to sign a couple of contracts, and pay at the declining value of the Ruble. Russians buying literally anything outside of Russia? Don't count on it
1 comment:
Russians buying anything outside of Russia...
.
At the rate they are going, they could just annex someplace, make it part of the Rodin.
Easy peasy.
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