Home » World » “There is no turning back now,” – in Russia the ruble exchange rate has again fallen below 100 per euro

“There is no turning back now,” – in Russia the ruble exchange rate has again fallen below 100 per euro

The ruble exchange rate is again under pressure from the economy and has begun to fall against the euro and dollar.

Today in Russia the euro exchange rate has again exceeded the 100-ruble mark, and the dollar is also growing. Russian economic analyst Anatoly Nesmiyan notes, that perhaps we are talking about technical factors, however, most likely, the main reason is fundamental: supply and demand. There is much less currency in Russia.

“In the reports of the authorities, everything is fine, GDP is growing, unemployment is falling, citizens’ incomes are breaking through all the ceilings, but in real life, people are fighting for their eggs, since the cheapest meat, chicken, is no longer affordable for a considerable part of the population. You can lie for a long time and selflessly, and they will even believe lies. But when the TV turns off, everything looks as it should,” – he writes.

According to the expert, the raw materials model of the economy itself is risky, but the Kremlin managed to break off relations with all the largest buyers of export goods and switched to random ones. It’s no surprise that foreign exchange sources are starting to dry up.

“And there is no turning back now. From an elite brothel you can get to the highway, but back – if you really want to… The Russian authorities served wealthy clients and lived happily ever after, but at some point they decided that she had not found herself in a garbage dump, she had a count in her family and, in general, she was still a big girl. And in the end I quickly reached the highway. And now he’s getting by with random connections.”he writes.

We also wrote that the head of the Russian Ministry of Finance advised Russians to “ignore” the collapse of the ruble.

Author:
Mark Voroshilov

#turning #Russia #ruble #exchange #rate #fallen #euro
2023-12-05 15:35:29

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