RUSSIAN Ruble COLLAPSE Continues Against US Dollar, Euro, Yuan & Rupee as Russian Economy Crashes
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Russia's Invasion of UKRAINE has caused Major Problems for the Russian Economy as Trade with Europe & the West has collapsed and Changes to the Global Supply Chain caused by the SANCTIONS have caused further problems. The value of the Russian Ruble has COLLAPSED over the past 12 months. On 14th August the value of the Ruble fell to more than 100 against the US Dollar for the FIRST TIME IN HISTORY. As a direct result the Russian Central Bank called an Emergency Meeting and Hiked Interest Rates by 350bps to 12.0%. The immediate result was an increase in the value of the Ruble however over the past 2 weeks the value has started falling again and is now heading back towards 100 to $1. In this video I discuss this issue in more detail and the implications for the Russia Economy & its population.
For specific details please check out the CHAPTER list below.
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Chapters:
0:00 Intro
2:03 RUBLE
7:46 INTEREST RATES
11:38 EXPORTS
15:01 IMPORTS
17:01 DEPRECIATION
19:59 SUMMARY & CONCLUSION
#ukrainewar
#russia
#ruble
#globalfinancialcrisis
#usdollar
#SWIFT
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3
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