The ruble is now the worst-performing currency against the dollar among emerging markets this month.

The ruble is down more than 16% so far in July after becoming the world's top-performing currency against the dollar earlier this year.

Meanwhile, Russian demand for China's currency has soared, with yuan-ruble trading volume hitting an all-time high.

The Russian ruble is is now the worst-performing currency against the dollar among emerging markets this month.

The ruble is down more than 16% so far in July after becoming the world's top-performing currency against the dollar earlier this year.

After sinking to less than a penny versus the dollar, the ruble rebounded above levels seen before Russia invaded Ukraine as the central bank enacted strict currency controls and hiked rates in response to Western sanctions. The central bank has since started slashing interest rates as the strong ruble has hit the country's exporters.

Meanwhile, Western sanctions that froze Russia's foreign-exchange reserves have prompted a shift to other currencies, and exports to China have increasingly been paid for with yuan.

Now Russian demand for the yuan is jumping. Yuan-ruble trade doubled this week and hit a daily all-time high on Wednesday of 7.82 billion yuan, according to data from the Moscow Exchange compiled by Bloomberg. Trading volumes for the yuan-ruble pair are now ahead of euro-ruble trade, the data shows.

For the month, yuan-ruble trade hit 94 billion yuan in July compared t0 54 billion the month prior.
https://uk.yahoo.com/finance/news/ruble-now-worst-performing-emerging-142803313.html

The bubble will surely burst.

Every currency is doing bad against dollar at the moment, euro, pound, naira yuan just name it

Lies,

Oga lie Mohammed Nah you father?

Qtrpst4:
Lies,

Oga lie Mohammed Nah you father?

I don't know if you Can't read, Nigeria must be really frustrating. You better Come and become EU citizen like me.

Russians now know the real meaning of American wonders

Uncle SAM na your mate?

All these unnecessary hullabaloo!
The rouble been down against the dollar only makes the Russian gas,crude and oil cheaper nau!

It only frustrate the Europe countries even more

So being an EU citizen immune you from lying?

BritishNaija:



I don't know if you Can't read, Nigeria must be really frustrating. You better Come and become EU citizen like me.

Qtrpst4:
So being an EU citizen immune you from lying?

I gain nothing lying.

Explain this.
Something I watched on wion some days back?

BritishNaija:

I gain nothing lying.

Qtrpst4:
Explain this.
Something I watched on wion some days back?

Please read the current news,don't Take us aback.

Post your current news


I dey wait for your current news oh
Lie Mohammed pikin

BritishNaija:


Please read the current news,don't Take us aback.

Qtrpst4:
Post your current news

What i posted is current, did Miss to add link?

If you tell me sey you make mistake, I go gree but no tell me sey your news current

BritishNaija:


What i posted is current, did Miss to add link?

Qtrpst4:
If you tell me sey you make mistake, I go gree but no tell me sey your news current

Check the date.

Then it's obvious the west is dishing their usual propaganda again as it cannot be in its 7 years highest just less than a month ago and then the worse just this month. A usual propaganda they are known for

BritishNaija:


Check the date.

Qtrpst4:
Then it's obvious the west is dishing their usual propaganda again as it cannot be in its 7 years highest just less than a month ago and then the worse just this month. A usual propaganda they are known for

You are funny, when the West said It's best performing currency, you believed it and it was never propaganda.

But when the table is turned around, it's propaganda.

Qtrpst4:
Then it's obvious the west is dishing their usual propaganda again as it cannot be in its 7 years highest just less than a month ago and then the worse just this month. A usual propaganda they are known for

lol you dey reply that guy?how many people did you see replying to his lie? Most people will just come to his thread just to check another lie he has posted,he will never give you any real proof other than fake news site to support his gibberish

Hope you know that yahoo news is not a credible news outlet?
I have shown you New York Times, cbn and other credible media house and you still dey talk nonsense. E bi like sey you think sey every body Nah mumu. China and India alone is bigger than the whole of Europe in terms of trade and mind you European countries are still trading with Russia in rubble and not solar or euro.
So let's assume am a novice, using simple demand and supply, if rubble is now in more demand as it has being used to replace dollar, will it make rubble weaker or stronger?

BritishNaija:

You are funny, when the West said It's best performing currency, you believed it and it was never propaganda.

But when the table is turned around, it's propaganda.

Qtrpst4:
Hope you know that yahoo news is not a credible news outlet?
I have shown you New York Times, cbn and other credible media house and you still dey talk nonsense. E bi like sey you think sey every body Nah mumu. China and India alone is bigger than the whole of Europe in terms of trade and mind you European countries are still trading with Russia in rubble and not solar or euro.
So let's assume am a novice, using simple demand and supply, if rubble is now in more demand as it has being used to replace dollar, will it make rubble weaker or stronger?

One problem you have is this,you sink more Into hole trying to defend yourself.
You just say Yahoo is not a credible News source, Smh. Yahoo actually is not the source of the News they posted, They actually pick News from different sites, both your credible CBN and NY Times News and repost. You see you are shooting yourself in the foot.

Another fake news

Abeg carry you wahala dey go son of linus

BritishNaija:


One problem you have is this,you sink more Into hole trying to defend yourself.
You just say Yahoo is not a credible News source, Smh. Yahoo actually is not the source of the News they posted, They actually pick News from different sites, both your credible CBN and NY Times News and repost. You see you are shooting yourself in the foot.

Qtrpst4:
Abeg carry you wahala dey go son of linus

I can feel the shame in you After Being defeated, You think you speaking with one random Individual.

Within this week, i can count how many threads you have created. I doubt you are a programmer. Programmers rarely have time to scout the net to find propaganda to post on NL.

What programming language do you code with?

RikudoSennin:
Within this week, i can count how many threads you have created. I doubt you are a programmer. Programmers rarely have time to scout the net to find propaganda to post on NL.

What programming language do you code with?

The programming language that earned me passport below and made me EU citizen.

Only a low self esteem person brags about a passport . Answer my question, which programming language do you code with?

I wont descend low by snapping my "statue of liberty" icon passport.

RikudoSennin:
Only a low self esteem person brags about a passport . Answer my question, which programming language do you code with?

I wont descend low by snapping my "statue of liberty" icon passport.

Lolz, Before I answer you, answer this question, are you a Puttard or an aspiring Puttard?

Defeated? By who? you? A fade news peddler?

BritishNaija:


I can feel the shame in you After Being defeated, You think you speaking with one random Individual.

BritishNaija I am interested in your answer of this question , what programming language do you code with?
Peddler of fake news

RikudoSennin:
Within this week, i can count how many threads you have created. I doubt you are a programmer. Programmers rarely have time to scout the net to find propaganda to post on NL.

What programming language do you code with?

BritishNaija:


Lolz, Before I answer you, answer this question, are you a Puttard or an aspiring Puttard?

Answering a question with a question. Typical Nigerian. I am Pan-African who wants the best for my continent.

I ask again, what programming language do you work with?

BritishNaija = input('what programming language do you work with? ')
Language = input(' what programming language? ')
print(language)

I don give you my simple syntax

Qtrpst4:
BritishNaija I am interested in your answer of this question , what programming language do you code with?
Peddler of fake news

He has a lot of time to scout for fake news for someone who works as a programmer.

Deh show me passport

May be Nah one of those bots wey seun put for nairaland and his own language nah fake news. You know sey fake news too Nah programing language

RikudoSennin:


He has a lot of time to scout for fake news for someone who works as a programmer.

Deh show me passport