jackmarxist [any]@hexbear.net to the_dunk_tank@hexbear.netEnglish · 4 months agoNAFO Genius depicts the collapse of the Russian Ruble by showing that it's getting stronger?hexbear.netimagemessage-square20fedilinkarrow-up1117arrow-down10
arrow-up1117arrow-down1imageNAFO Genius depicts the collapse of the Russian Ruble by showing that it's getting stronger?hexbear.netjackmarxist [any]@hexbear.net to the_dunk_tank@hexbear.netEnglish · 4 months agomessage-square20fedilink
minus-squareMF_COOM [he/him]@hexbear.netlinkfedilinkEnglisharrow-up15·edit-24 months agoPlease explain it like I’m dumb lol that doesn’t seem like it’s getting stronger to me Oh wait I think I get it ty
minus-squareTachanka [comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up26·4 months ago1 dollar used to be exchangeable for 91 rubles now 1 dollar can only be exchanged for 85 rubles this means the dollar is inflating faster than the ruble and possibly that the ruble is deflating (though that part I am not sure of)
minus-squareTachanka [comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up2·edit-24 months agoThanks, that makes sense.
minus-squarealexandra_kollontai [she/her]@hexbear.netlinkfedilinkEnglisharrow-up7·4 months agoPreviously, Russians could use their 91 rubles to buy a dollar. Now they can buy a dollar AND have 6 rubles left over, because the dollar only costs 85. This means the ruble can buy more dollars, so it’s becoming stronger.
Please explain it like I’m dumb lol that doesn’t seem like it’s getting stronger to me
Oh wait I think I get it ty
1 dollar used to be exchangeable for 91 rubles
now 1 dollar can only be exchanged for 85 rubles
this means the dollar is inflating faster than the ruble
and possibly that the ruble is deflating (though that part I am not sure of)
deleted by creator
Thanks, that makes sense.
Previously, Russians could use their 91 rubles to buy a dollar. Now they can buy a dollar AND have 6 rubles left over, because the dollar only costs 85. This means the ruble can buy more dollars, so it’s becoming stronger.