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
Russians buying anything outside of Russia...
ReplyDelete.
At the rate they are going, they could just annex someplace, make it part of the Rodin.
Easy peasy.