Luiz 4,253 Posted December 16, 2014 Share Posted December 16, 2014 The Russian currency crashed past 100 against the euro Tuesday, the latest milestone in a currency rout that has rapidly gained momentum despite a huge emergency rate hike from the Central Bank. One ruble became worth less than one euro cent at 3:13 p.m., according to data from the Moscow Exchange. At the same time, the Russian currency plummeted to 80.1 against the U.S. dollar. The crash took the ruble's fall Tuesday to 20 percent, the largest one-day currency movement since the financial crisis of 1998 and compounding a 10 percent tumble the previous day. The ruble later reduced its losses, and at 9 p.m. had stabilized around 8 percent weaker against the greenback at 70 and 11 percent down versus the euro at 89. The Russian currency has now fallen 55 percent against the dollar since the beginning of the year, making it the worst performing currency in the world in 2014. "The Central Bank's credibility is in tatters,†said Timothy Ash, an emerging-markets a--lyst at Standard Bank, in a note to investors Tuesday. http://www.themoscowtimes.com/business/article/ruble-hits-80-to-us-dollar-as-free-fall-accelerates/513387.html <full article I disapprove of what you say, but will defend to the death your right to say it. Link to post Share on other sites More sharing options...
Spyro 8,438 Posted December 16, 2014 Share Posted December 16, 2014 Admin ha impact http://gagadaily.com/index.php/statuses/user/1-admin/?status_id=431246 Spyro the Dragon Link to post Share on other sites More sharing options...
Luc 4,776 Posted December 16, 2014 Share Posted December 16, 2014 Lucky me id visiting St. Petersburg this february. Everything will be SO CHEAP. Last time I visited, it was 1:40. My brother is gonna stay there for 3 months, dang that'll be cheap. Hopefully the currency will fall even more. And this, btw, to think that the euro isnt worth that much anymore either. Link to post Share on other sites More sharing options...
Luiz 4,253 Posted December 16, 2014 Author Share Posted December 16, 2014 Admin ha impact http://gagadaily.com/index.php/statuses/user/1-admin/?status_id=431246 thanks for the add btw just wanted to let you know i did a test run of that GGD plague idea and i picked you to be "patient zero" and within hours you killed too many people for me to keep up with I disapprove of what you say, but will defend to the death your right to say it. Link to post Share on other sites More sharing options...
LostBoyfriend 1,133 Posted December 16, 2014 Share Posted December 16, 2014 Lucky me id visiting St. Petersburg this february. Everything will be SO CHEAP. Last time I visited, it was 1:40. My brother is gonna stay there for 3 months, dang that'll be cheap. Hopefully the currency will fall even more. And this, btw, to think that the euro isnt worth that much anymore either. what ur saying is not bad? I have no idea about this topics, so i cant really tell if you are being selfish or the fact that the value go down is good Can u explain me please? Link to post Share on other sites More sharing options...
Luc 4,776 Posted December 16, 2014 Share Posted December 16, 2014 what ur saying is not bad? I have no idea about this topics, so i cant really tell if you are being selfish or the fact that the value go down is good Can u explain me please? Being selfish. Every 1% the rubel declines, it'll be 1% cheaper there. I think a pack of cigarettes might cost €0.40 :rip: Link to post Share on other sites More sharing options...
TMP 87 Posted December 16, 2014 Share Posted December 16, 2014 Lucky me id visiting St. Petersburg this february. Everything will be SO CHEAP. Last time I visited, it was 1:40. My brother is gonna stay there for 3 months, dang that'll be cheap. Hopefully the currency will fall even more. And this, btw, to think that the euro isnt worth that much anymore either. Really? You wish for people in Russia to literally get no money for their work? Link to post Share on other sites More sharing options...
craig 680 Posted December 17, 2014 Share Posted December 17, 2014 One one hand - Western sanctions had an effect. On the other hand - Russian opinion so far seems to rally around Putin in adversity. Link to post Share on other sites More sharing options...
LostBoyfriend 1,133 Posted December 17, 2014 Share Posted December 17, 2014 Being selfish. Every 1% the rubel declines, it'll be 1% cheaper there. I think a pack of cigarettes might cost €0.40 but just for outside of Russia, since russians will be paid the same and be all rich? What does a currency richer? Like I'm totally clueless about all this, sorry I quite dont get it, more since english is not my native languaje and this is a complicated topic. Link to post Share on other sites More sharing options...
Spyro 8,438 Posted December 17, 2014 Share Posted December 17, 2014 thanks for the add btw just wanted to let you know i did a test run of that GGD plague idea and i picked you to be "patient zero" and within hours you killed too many people for me to keep up with omg, my impact. Spyro the Dragon Link to post Share on other sites More sharing options...
Luc 4,776 Posted December 17, 2014 Share Posted December 17, 2014 Really? You wish for people in Russia to literally get no money for their work?prices will only increase for products made outside Russia. Wages and normal stuff will probably increase 10-20%. Tourists, russian factories/manufacturers profit the most from this. Link to post Share on other sites More sharing options...
RAMROD 117,032 Posted December 17, 2014 Share Posted December 17, 2014 Economy sanction in the work. I feel bad for some Russians who are good but need to feel this impact because their leader is a headstrong and his actions are not good. (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ᶠʳᵒⁿᵗ ᵗᵒʷᵃʳᵈ ᵉⁿᵉᵐʸ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
Economy 52,844 Posted December 17, 2014 Share Posted December 17, 2014 russia almost doubled their benchmark interest rate to try to increase the value of the ruble and stop hyper-inflation Link to post Share on other sites More sharing options...
HANZ 4,380 Posted December 18, 2014 Share Posted December 18, 2014 My Favs = Lady Gaga, Janet Jackson, Ricky Martin, AKB48 Link to post Share on other sites More sharing options...
bumblebee 2,528 Posted December 18, 2014 Share Posted December 18, 2014 Russian currency has surged back to 70 against the euro Link to post Share on other sites More sharing options...
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