Russian Foreign Minister Sergei Lavrov said on March 16 that the United States and Israel had misjudged the prospects of a swift military operation in Iran, arguing that Washington and Jerusalem now understand they were "mistaken."
The rubles “value” is not very predictive of its real value because no one uses it. It’s like if I print and exchange “Valmonds” with my friends for 10€ a piece (having my “central bank” buying them back for 10€50 to keep “the price” high), doesn’t make them actually valuable.
Afaik RUR was following the oil price quite closely for many years until 2022, seeing as oil exports dwarfed everything else. Since then, the Central Bank of Russia did a lot of trickery to control the rate. However, the rate was pretty stable for weeks at ~70 rub/usd, after USD:RUR has fallen a bit — until the last few days, precisely when oil price should’ve risen, and idk what caused that. It’s jumped to 84 rub/usd in about four days.
irans war greatly benefited RUSSia, IN THAT THEY CAN recover the money they lost on the ukraine invasion since the oil prices are so high right now.
Ironically the USD:rouble rate is rising the last several days.
The rubles “value” is not very predictive of its real value because no one uses it. It’s like if I print and exchange “Valmonds” with my friends for 10€ a piece (having my “central bank” buying them back for 10€50 to keep “the price” high), doesn’t make them actually valuable.
Afaik RUR was following the oil price quite closely for many years until 2022, seeing as oil exports dwarfed everything else. Since then, the Central Bank of Russia did a lot of trickery to control the rate. However, the rate was pretty stable for weeks at ~70 rub/usd, after USD:RUR has fallen a bit — until the last few days, precisely when oil price should’ve risen, and idk what caused that. It’s jumped to 84 rub/usd in about four days.