Comment on Without a hint of irony, Russia mocks US for 'miscalculating' Iran war

• Valmond@lemmy.dbzer0.com ⁨16⁩ ⁨hours⁩ ago

  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.

  source

  • SlurpingPus@lemmy.world ⁨15⁩ ⁨hours⁩ ago

    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 (after USD:RUR has fallen a bit) until the last few days, precisely when oil price should’ve risen, and idk what caused that.

    source