Rouble crashes 30% as market opens

[yaesu]

The rouble plunged nearly 30% to an all-time low versus the US dollar on Monday as markets openbed for trading on the first day after western nations announced punishing economic sanctions on Russia for its invasion of Ukraine.

The rouble dropped to as low as 119 per dollar, and was last down 28.77% at 118 from its closing price 83.64 on Friday.

The sanctions include blocking some Russian banks from the Swift international payments system, leading investors to anticipate a run on the Russian currency as people try to change their money for dollars and other denominations.

“The escalating crisis in Ukraine will force markets to price in a substantially higher geopolitical risk premium,” strategists at the Australian bank Westpac said on Monday. “The Ukrainian situation is volatile.”

I deleted my earlier thread about the forecasted 20 drop, reality blew right through that forecast

[LizBeth]

1. They were scared at 20 so 30 is better.

[IzzaNuDay]

2. How low will it go?

The oligarchs want to know!

[Texaswitchy]

3. Putin needs to stay away from windows.

And other things.

[woodsprite]

11. I thought he had most of his oligarch buddies with him in his Ural mtn testosterone enclave. n/t

[StarryNite]

4. Awww

[MarineCombatEngineer]

5. Well Putin,

how well is your war going?

You reap what you sow you bastard.

[alittlelark]

6. I understand narcissists-they TRULY believe their fantasies

To be reality.


Putin is living in a fantasy world.

[Sneederbunk]

7. When did ruble become rouble?

It's hard to keep up.

[Bernardo de La Paz]

9. Continuously

English spelling

Both the spellings ruble and rouble are used in English. The form rouble is preferred by the Oxford English Dictionary, but the earliest use recorded in English is the now completely obsolete robble. The form rouble probably derives from the transliteration into French used among the Tsarist aristocracy. There are two main usage tendencies: one is for North American authors to use ruble and other English speakers to use rouble, while the other is for older sources to use rouble and more recent ones to use ruble. Neither tendency is absolutely consistent, and there is also the obvious danger of confusion with rubble.

The Russian plurals that may be seen on the actual currency are modified according to Russian grammar. Numbers ending in 1 (except for 11) are followed by nominative singular рубль rubl', копе́йка kopéyka. Numbers ending in 2, 3 or 4 (except for 12–14) are followed by genitive singular рубля́ rublyá, копе́йки kopéyki. Numbers ending in 5–9, 0, or 11–14 are followed by genitive plural рубле́й rubléy, копе́ек kopéyek.

[Sneederbunk]

13. Thank you.

[yaesu]

12. Both spellings are correct, like color & colour nt

[rownesheck]

8. The ruble

has been turned to rubble!

I'll let myself out.

[texasfiddler]

10. LOL!!! Nice! NT

[Dawson Leery]

14. Still to high. Can it get to 200, 300, 600?

Wheelbarrows of Rubles for a slice of bread!

[yaesu]

15. As much as I want pooty & his cronies to suffer it breaks my heart to see Russian citizens

suffer what they are about to suffer. They have no more control over their unhinged leaders than we do, exp tRump, much less control as there is no check & balances, there is just pooty.

[Dawson Leery]

18. And they cheered on the assaults on Georgia and Crimea.

[highplainsdem]

16. Down 41% according to tweets minutes ago.

[yaesu]

17. ouch nt