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American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency

Post author:MiamiCrypto
Post published:June 9, 2022
Post category:Bank of Russia Central Bank coal conflict Crude Oil cut rate Economics EU gas gold backed ruble gold parity gold ruble Interest rate OIL Peace Talks rouble ruble ruble crash ruble falls ruble gold ruble plunges Ruble Rises Ruble strength Russia russia bank run Russia Ruble russian bank run russian sanctions Sanctions slashed rate Ukraine Vladimir Putin War Western Allies

Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation”…

Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels

Post author:MiamiCrypto
Post published:April 9, 2022
Post category:Bank of Russia Central Bank coal conflict Crude Oil cut rate Donetsk Economics EU Forex markets gas gold backed ruble gold parity gold ruble Interest rate Luhansk Luis Saenz OIL Peace Talks rouble ruble ruble crash ruble falls ruble gold ruble lowest level ruble plunges Russia Russia Ruble russian sanctions Sanctions slashed rate Ukraine Vladimir Putin War Western Allies

Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to…