Rodmac41
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
Joe Biden’s pledge to turn Russia’s currency the ruble into rubble was very wide off the mark and recently it has continued to strengthen against the US dollar. Rhod Mackenzie looks at how the ruble has continued to rise against the dollar over the last six months. Please click on the watch on you tube box to support my work.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
Rhod, I don’t think the Russians want the ruble to be strengthen; I don’t think they are at all interested in the peculiar western practice of currency speculation. What’s more, they don’t really need to buy many foreign goods, Russia is quite self-sufficient. What is of concern to Russia is the cost of petroleum and gas to their export customers; at 80 cents, Russian energy is eminently affordable and therefore attractive.