jackmarxist [any] to the_dunk_tank • 5 months agoNAFO Genius depicts the collapse of the Russian Ruble by showing that it's getting stronger?imagemessage-square20 fedilinkarrow-up1119
arrow-up1119imageNAFO Genius depicts the collapse of the Russian Ruble by showing that it's getting stronger?jackmarxist [any] to the_dunk_tank • 5 months agomessage-square20 Commentsfedilink
minus-squareMF_COOM [he/him]hexbear15·edit-25 months agoPlease explain it like I'm dumb lol that doesn't seem like it's getting stronger to me Oh wait I think I get it ty link
minus-squareTachanka [comrade/them]hexbear26·5 months ago1 dollar used to be exchangeable for 91 rubles now 1 dollar can only be exchanged for 85 rubles this means the dollar is inflating faster than the ruble and possibly that the ruble is deflating (though that part I am not sure of) link
minus-squarealexandra_kollontai [she/her]hexbear7·5 months agoPreviously, Russians could use their 91 rubles to buy a dollar. Now they can buy a dollar AND have 6 rubles left over, because the dollar only costs 85. This means the ruble can buy more dollars, so it's becoming stronger. link
Value went from 91 rubles/usd to 85
Please explain it like I'm dumb lol that doesn't seem like it's getting stronger to me
Oh wait I think I get it ty
1 dollar used to be exchangeable for 91 rubles
now 1 dollar can only be exchanged for 85 rubles
this means the dollar is inflating faster than the ruble
and possibly that the ruble is deflating (though that part I am not sure of)
deleted by creator
Thanks, that makes sense.
Previously, Russians could use their 91 rubles to buy a dollar. Now they can buy a dollar AND have 6 rubles left over, because the dollar only costs 85. This means the ruble can buy more dollars, so it's becoming stronger.