Comment on Without a hint of irony, Russia mocks US for 'miscalculating' Iran war
Valmond@lemmy.dbzer0.com 14 hours agoThe 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.
SlurpingPus@lemmy.world 14 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.