Ukraine Invaded by the Russians - April to August 2022

Ruble’s value is now completely arbitrary. There is practically no dealing between foreign currencies and ruble. The only reason it’s looking better on paper is because Russians now can’t buy foreign currencies at all. It’s the same with Iran. There are now two exchange rates.

https://i.imgur.com/APq1CuU.png

https://i.imgur.com/nYjxfUE.png

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