Caporegime
Because Russia is pouring money into keeping it high.
Ukraine Invasion - Please do not post videos showing attacks/similar
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Because Russia is pouring money into keeping it high.
Pegged to gold, EU buying oil in Rubble's and central bank manipulating can't last long.
Oil money come In, less money going out on imports.
Or they could join the 100,000 other civilians still in Mariopul, but not in the front lines.I guess they could have gone to the Russian filtration camps to be deported illegally to Russia or worse become another statistic for Russian warcrimes
— RTRS
Last time I've been able to access USDRUB on my brokerage was 25th Feb, completely cut liquidity off
So do we hit a point in time that it’s no longer stable and it crashes hard?
FX market rates in medium and short term are a result of flows, in simple terms supply and demand. Longer term fundamentals should work (ie different in real rates, inflation, balance of payments) but they really don't.
So FX rate can be floating, pegged or target a certain band. Rouble was free floating with market demand and supply doing the heavy lifting for the price discovery. Even though Russia is a next exporter (which in theory should lead to appreciating stronger currency) its currency was undervalued according to PPP metric by about 2/3 of its value.
Come in effect sanctions that freeze Russia's central banks foreign reserves (accumulated USD,EUR and other basket of currencies invested in various fixed income assets across the world) as well as introducing swift bans and other measures that in effect. That causes a huge capital flight out of the country, everybody who can rushes to convert their roubles into other currencies. Demand for rouble is zero. Central bank has its reserves frozen and cannot use it to stabilise the FX rate. Rouble starts collapsing.
Russian government and central bank enact certain laws and rules so as to prevent the capital flight. 80% of foreign currency income has to be converted into rouble. Citizen cannot convert more than $10k USD (flat number, not per month or year) until a certain date ( I don't remember which).
A lot of people online seem to resort to copium that rouble appreciation is artificial but in reality rouble depreciation was also artificial. There's an economic war going on.
As Russia has introduced capital controls it has all the ability to set up any rouble rate it wants, it is not longer a function of a free market price discovery.
Once again, a lot of people not familiar with economics are looking to see the effect of the economic war on the exchange rate but it is not productive. If you want to see sanctions damage then look at GDP forecast growth. At the moment it is expected that the Russia economy will contract by 10% but the situation is very fluid and may change dramatically demanding how things will unfold and whether more heavy sanctions and or oil embargo will hit. (in case of historical analysis I do not remember figures exactly but roughly it was estimated that 2014 sanctions against Russia caused about 1.5-2.5% of GDP loss per year for Russia).
Soldato
https://inews.co.uk/news/first-civi...orks-hundreds-still-living-underneath-1605072
UN said it has worked with Red Cross, Russia and Ukraine on efforts to evacuate civilians from the Azovstal plant
Doesn't mention those who got freed from Azov got raped. There was some mention of Ukrainians at risk of rape and trafficking when escaping Ukraine but people seemed offended when i brought that up.
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Soldato
Not everyone agrees with the views of the people here.
According to the UN they worked with Russia to help evacuate the civilians,
the village of Bezimenne in the Donetsk Region
Caporegime
Suggest you re-read the UNs statements as you clearly don't understand them. Either that or you're trolling.
*French President Macron Told Putin About His Deep Concerns With Regards to Situation in Donbas, Mariupol - Elysee
*French President Macron Told Putin That He Wants to Discuss With Interntional Organisations Lifting Russian Embargo on Ukraine and Food Exports in the Black Sea - Elysee
*French President Macron Told Putin That Ceasefire Was Needed in Ukraine - Elysee
*French President Macron Told Putin That Russia Must Live Up to Its International Responsibility As UN Security Council Member, End Devastating Attack - Elysee
*Governor of Ukraine’s Donetsk Region: At Least 10 Killed, 15 Wounded by Russian Shelling of Avdiivka Coking Plant
*French President Macron Told Putin That He Wants to Discuss With Interntional Organisations Lifting Russian Embargo on Ukraine and Food Exports in the Black Sea - Elysee
*French President Macron Told Putin That Ceasefire Was Needed in Ukraine - Elysee
*French President Macron Told Putin That Russia Must Live Up to Its International Responsibility As UN Security Council Member, End Devastating Attack - Elysee
*Governor of Ukraine’s Donetsk Region: At Least 10 Killed, 15 Wounded by Russian Shelling of Avdiivka Coking Plant
Caporegime
"The enemy* is dropping bombs on the heads of innocent children in Mariupol"
*The "enemy" - that'd be Russia, since you seem hard of thinking.
Soldato
Don't need to
This is the sub-heading of the article.
Zelensky said around 100 people had been freed, as the UN said it has worked with Red Cross, Russia and Ukraine on efforts to evacuate civilians from the Azovstal plant
They travelled on buses with Ukrainian number plates in a convoy with Russian forces and vehicles with United Nations symbols.
Caporegime
You really do need to. The UN have been trying for a month now. This is very clear from statements on their website. These previous attempts resulted in shelling of the civilians by the Russians.
Soldato
So you dont like my posts, why the insults?
I said Not everyone agrees with the views of the people here as to suggest he read the comments from somewhere other than overclockers.
Soldato
The post you replied to of mine stated that the UN worked with Russians to help evacuate the civilians, I've even provided a link to prove this. Rather than tell me to re-read the article you could just point out where the article is telling lies.
Caporegime
Your original point was that people had not allowed anyone to leave. You've then tried to claim that it wasn't the Russians. That is the delusion you seem to hold.
Soldato
Well if you had an issue with that then why not quote that and make your reply in regards to that ?
It seems rather silly to quote a different post and start talking about custard and what you had for your tea.
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