The Russian ruble reached a four-year high on the US dollar and a seven-year high against the Euro on Friday.

The ruble is being propelled by capital controls, the new ruble-based gas payment scheme and looming corporate tax dues, which are pushing up domestic demand for the currency.

Reaching 57.67 rubles against the dollar at 08:13 GMT represents the ruble’s strongest position since March 2018, according to data from the Moscow Exchange.

The ruble also gained nearly 5% on the euro, with the exchange rate reaching below 60 rubles per euro.

Read more: https://moneycentral.com.ng/markets/article/russian-ruble-smashes-four-year-high-against-us-dollar/

SEE WHERE AMERICA AND BRITAIN HAVE PUSHED RUSSIA.


NOW IMAGINE, ALL THEIR GAINS BEING REINVESTED IN RUSSIA, INSTEAD OF LONDON.


WITHOUT RUSSIA MONEY, CHELSEA WAS DEAD.

Economy is collapsing and someone is talking about currency gains.

How does that affect ordinary people in Russia. Is Ruble a foreign exchange.

Russia is getting sanction by the EU, US, Canada, Japan etc, her currency is doing fine against the US dollar and Euro.

Nigeria without sanctions, our currency keeps on losing value against the dollar, our Government is clueless about what should be done to help the Naira and every body is just moving along as if is all fine.

In a sane Country, Buhari, minister of finance and the CBN Governor would have been relieve of their duty a long time ago.

Emefiele even had the gut to buy APC presidential form to become Nigeria President.

Buhari has finish Nigeria.

MadamExcellency:
Economy is collapsing and someone is talking about currency gains.

How does that affect ordinary people in Russia. Is Ruble a foreign exchange.

But you mocked when rubble was falling

basilo101:

But you mocked when rubble was falling

My brother learn the brother is very right

Parachoko:
Russia is getting sanction by the EU, US, Canada, Japan etc, her currency is doing fine against the US dollar and Euro.

Nigeria without sanctions, our currency keeps on losing value against the dollar, our Government is clueless about what should be done to help the Naira and every body is just moving along as if is all fine.

In a sane Country, Buhari, minister of finance and the CBN Governor would have been relieve of their duty a long time ago.

Emefiele even had the gut to buy APC presidential form to become Nigeria President.

Buhari has finish Nigeria.

h

Using dispute to grow their currency.

In Nigeria, our currency isn't good for primary elections' delegates. Rather get more dollars to weaken our own Naira (#)

MadamExcellency:
Economy is collapsing and someone is talking about currency gains.

How does that affect ordinary people in Russia. Is Ruble a foreign exchange.

what is affecting ordinary people of Russia that is not affecting ordinary people of America right now?

MadamExcellency:
Economy is collapsing and someone is talking about currency gains.

How does that affect ordinary people in Russia. Is Ruble a foreign exchange.

If Naira fall from 600 to 250 per Dollar, what do think will happen? Is it that a good news
Inflation in EU is in all time high and today Dollar is almost pair with Euro, which meaning the sanctions imposed on Russia is having massive effect on EU economy.

Within the EU, only few manufacturing companies are producing things, many are just doing assembling because productions are expensive due to high standards of living.
Fuel in Germany are now all time high at the filling stations.
Bavarian state government have warned Scholz about the effect on Bayern economy and in Germany, if Bayern economy got hit then it’s finished.
It’s like Lagos economy

Seun4blue:
Using dispute to grow their currency.

In Nigeria, our currency isn't good for primary elections' delegates. Rather get more dollars to weaken our own Naira (#)

We need whosoever advise Putin on demand for Ruble for payment of Russia oil and gas.

Investors have been selling off their US bonds for the 19th week! The US dollar has lost 30% in value since the SO started.

MadamExcellency:
Economy is collapsing and someone is talking about currency gains.

How does that affect ordinary people in Russia. Is Ruble a foreign exchange.

In retrospect, is naira a foreign reserve currency? What happens if dollar crashes to #200 to 1$? Does this affect the ordinary man in Nigeria? You sure know it does verily. Does this have any effect on ppp? Calm down, the urge to turn the rubble to tissue paper as they gloated about backfired on them like many others. If they could turn back the time, they would never have restricted their currency against a top ten commodity economy, and going forward, they never will again. In a bid to shore up the depreciating dollar, they are now trying to build confidence afresh in its use in trade and investments.

What will Biden and his cohort do next?

But, usa economists warned Biden and Co against embarking on economic war with Russia.

Who knows if this will liberate Africa though we have very low iq.

We don't even know what's going on and who to align with.

seunny4lif:

We need whosoever advise Putin on demand for Ruble for payment of Russia oil and gas.

The West never expect the Rubble will be this strong as it is now.

They wanted to wreck the Rubble and throw Russia into hyper inflation.

What does Igbofam have to say about this?

Since the beginning of the special operation in Ukraine, China has started to reduce its investments in US government bonds. The volume of such investments is already at the minimum since 2010!

MadamExcellency:
Economy is collapsing and someone is talking about currency gains.

How does that affect ordinary people in Russia. Is Ruble a foreign exchange.

Russia are leaving peacefully

Everything is stable

It is the eu that is suffering

The Russian economy itself is down to trash and you are boasting of your currency that is still less than dollar.Kuwait would be top1 economy if only currency exchange rate determines it.

moneycentral20:
The Russian ruble reached a four-year high on the US dollar and a seven-year high against the Euro on Friday.

The ruble is being propelled by capital controls, the new ruble-based gas payment scheme and looming corporate tax dues, which are pushing up domestic demand for the currency.

Reaching 57.67 rubles against the dollar at 08:13 GMT represents the ruble’s strongest position since March 2018, according to data from the Moscow Exchange.

The ruble also gained nearly 5% on the euro, with the exchange rate reaching below 60 rubles per euro.

Read more: https://moneycentral.com.ng/markets/article/russian-ruble-smashes-four-year-high-against-us-dollar/

awesome news.

VictorUSA:
The Russian economy itself is down to trash and you are boasting of your currency that is still less than dollar.Kuwait would be top1 economy if only currency exchange rate determines it.

Is it CNN that told you the economy is down while on ground Russia economy is rising.