Quote:
Originally Posted by Dargo
I found it 1 Russian Ruble equals 0.0089 Euro if that is not a collapse I do not know anymore in a normal economy it is not bad for a short time. For Russia, it is bad this will only go worse because they can not stop it and keep inflation in check they tried it for two years and failed there are no options to cure these problems. Sanctions work! If things were going great yep also military the rubble would be much, much higher there are signs if things go good or bad and this is THE BAD SIGN nobody want to invest in Russia not even the Russian elite even after a deal nobody will invest in this unreliable country so long this regime is in power.
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1 Ruble = 0.0089 Euro
If this is correct-which I have no doubt it is-then yes the Ruble have collapsed.
Markus