Russian currency big problems

[Polo7]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.

But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.

If China will not do any Exchange with rubles its sign that currency will be devalued.

[1715201737]

1715201737

[1715201737]

1715201737

[wack slacker]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.

But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.

If China will not do any Exchange with rubles its sign that currency will be devalued.

Did you mean the liquidity of the cash flow? Russia is exporting most of its natural resources and weapons to regional countries, while imports are related to consumer goods and foodstuffs.
If in the future they can no longer sell weapons and export products from their own national resources, the economy of this country is very worrying.

[disconnectme]

I think you are too negative about the potential of Russian economy and her currency, there is a west sentiment against Russia as a whole and it is also being magnified with the Fake Russia interference in US election. I believe in short term there will be pain as regard the Rubie until the market realise it is greatly undervalued. I read about some Funds picking up companies now in Russia because of the huge potential for growth.

[gantez]

If China will not do any Exchange with rubles its sign that currency will be devalued.

Is China the only country that will do business with Russia? The answer is no. So Russia can't depend only on them for trade. Whether the Chinese people patronize trade with Russia or not won't determine anything for Russia.

[blockman]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.

They are allies, and allies have to help each other in times that they're facing. But can you elaborate more on these problems that you are pointing to Russia? State the facts which are these big problems that they are dealing with.

If China will not do any Exchange with rubles its sign that currency will be devalued.

Russia can't depend on them. IMO, economically, they're somehow standing fine and if you have a source to educate us here about this thing that's happening in Russia. You can give us a link to have a good read about it.

[cryptoaddictchie]

If China will not do any Exchange with rubles its sign that currency will be devalued.

I cant say totally devalued. Yes they are allied but using an economic currency trading would probably a normal business within other countries. China is their ally and even without them I dont think Russia will tremble and fall down easily. Dont think just because they are partner Russia dont have other means of exchange. Take note that they are also a powerful contry leveled with US and China at least in my own judgement. So even this is bound to happen its not that easy to make ruble devalued just like that.

[teosanru]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.

But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.

If China will not do any Exchange with rubles its sign that currency will be devalued.

Hey wait a second. If I go by your post history. According to you
1. USD is worthless because no one wants to buy OIL in USD.
2. Kyrgystan's Som is worhtless because it has no value as compared to dollar.
3. Russia's Ruble is worthless because I don't now who knows it's highly inflated. Because Russia have had a static inflation rate of about 4-5% which is pretty decent for developing countries and even developed countries.
4. Why wouldn't China do any exchanges in Ruble? Any sources why?
5. Which sanctions? If you are talking about the EU sanctions that are just on a few people and not have any affect on overall Russian Market. Please make sure you put up a credible source along with such posts?

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.

But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.

If China will not do any Exchange with rubles its sign that currency will be devalued.

Did you mean the liquidity of the cash flow? Russia is exporting most of its natural resources and weapons to regional countries, while imports are related to consumer goods and foodstuffs.
If in the future they can no longer sell weapons and export products from their own national resources, the economy of this country is very worrying.

It's like saying that if the whole manufacturing Industry in US shuts down the economy of the country will be too worrying? Does this makes sense? Why would Russia not able to selll it's weapons? It has a great team of allies and sells weapons to top countries like India, Vietnam, China etc, why would it stop? Any reasons?

[Lorence.xD]

I think you are too negative about the potential of Russian economy and her currency, there is a west sentiment against Russia as a whole and it is also being magnified with the Fake Russia interference in US election. I believe in short term there will be pain as regard the Rubie until the market realise it is greatly undervalued. I read about some Funds picking up companies now in Russia because of the huge potential for growth.

Most Russians do not like their current government, and why would the meme where Russia can't choose their leader exist if they are happy with the way that their goverment that is run by Putin for a long time. If Russian economy is thriving then why is the ruble depreciates over time?

[samcrypto]

If China will not do any Exchange with rubles its sign that currency will be devalued.

I cant say totally devalued. Yes they are allied but using an economic currency trading would probably a normal business within other countries. China is their ally and even without them I dont think Russia will tremble and fall down easily. Dont think just because they are partner Russia dont have other means of exchange. Take note that they are also a powerful contry leveled with US and China at least in my own judgement. So even this is bound to happen its not that easy to make ruble devalued just like that.

Russia knows this one, this is why they are working hard to protect their territory outside Russia and yes, many Russian companies are also working with the US and other countries in Europe so they are not sole dependent with the Chinese government. All the currency will fall, and most of the countries already experiencing it right now, USD are down but not totally devalued, we also have to look for the economic status of the country.

[int03h]

Russia has many natural resources, especially oil, wood and metals. European countries will have to buy these items. They will use either the EU or RUB. Either way, Russia still has a good import-export portfolio because of its policies.
As for China, they are allies of Russia and they will continue to buy Russian weapons or technology. They will stop exchanging high-value items at a certain point.
I see the Russian economy at risk. It also makes sense that they recently banned people from trading on exchanges like Binance, Bitmex, and cryptocurrency-related P2P exchanges.

[dothebeats]

Russia's export capabilities aren't a joke. They are still one of the largest exporters of energy products such as coil, oil, petroleum products and gas, alongside being one of the largest producers of metals and minerals. They are basically one giant landmass of natural resources ripe for the taking, and if that does not strengthen the Ruble and their economy in any way, then Putin is doing something really wrong in his rule. Most European countries are still dependent on Russia's exports and are in close ties with them, since they know so well that Russia is a force to be reckoned with, though they only get vocal when the Russians are snooping its nose on some of their properties. Anyway, Russia's economy and currency is still robust IMO, so long as there are countries heavily dependent with their exports. You can't discount Russia's total land area for their economic capabilities.

[1GUARDIAN]

No one in Russia keeps their savings in rubles. Any first grader knows this - if you want to store your money, then rubles are not suitable for this. For this reason, nothing new is happening in the minds of Russians. They already know very well that the domestic currency is not reliable.

[Dorodha]

China, Russia and most recently Turkey are embroiled in conflict as a result, in the current economic environment many people do not think the dollar is as safe as before they are interested in trading in their respective national currencies instead of Russian currencies If these two countries can persuade others to do the same, then the dominance of the dollar will obviously be greatly reduced. But as long as the United States has enough political and economic confidence from investors, the dollar is likely to be the strongest.

[Rengga Jati]

I think that Russia has this problem with the Ruble Crisis from several years ago. At least, in 2014, it was getting in big trouble and problem.
And now, since 2019 also. What causes this problem?

It is actually not a kind of simple thing but influenced by several terms that are quite complicated. At least, the reasons are here probably:
1. Oil Prices Fall
2. Political Risks
3. Dollar Debt

These three big problems are still faced by Russia until now and it leads to more trouble with their financial system and influencing to their currency.

If China will not do any Exchange with rubles its sign that currency will be devalued.

This may be very influencing and will give big impact, of course.

Source:
https://www.thebalance.com/what-caused-the-russian-ruble-crisis-1978828

[MiningBattalion]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.

But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.

If China will not do any Exchange with rubles its sign that currency will be devalued.

This news had a positive and negative impact on world economy.This lead to increase of Russian trade with china,which boost the china economy.If china economy increased hugly,they will start to do of aggression activity. Already they get Srilanka port withe money lended to Srilankan government.This will inturn increase the supermacy of china will be negative to all.

[ShowOff]

It is actually not a kind of simple thing but influenced by several terms that are quite complicated. At least, the reasons are here probably:
1. Oil Prices Fall
2. Political Risks
3. Dollar Debt

These three big problems are still faced by Russia until now and it leads to more trouble with their financial system and influencing to their currency.

Russia has had pretty complicated economic problems for at least the last 10 years in my opinion. You may have forgotten to add another factor to the list that is no less important as the cause of the collapse of the Russian economy, namely "international sanctions". After several countries imposed sanctions on Russia, there were quite a number of problems facing Russia and it caused their economy to suffer. Even some countries are still reluctant to lift these sanctions and intend to extend their validity period.

This source explains a lot about the sanctions Russia has faced so far.

Code:

https://en.m.wikipedia.org/wiki/International_sanctions_during_the_2014_pro-Russian_unrest_in_Ukraine

[Mauser]

Russian currency have big problems
The only Country is left is China who want to Deal with russian currency.

But in Russia Everybody who knows that ruble is highy inflated and all most worthless they all ready use thether cryptocurrency.
The Coming sanctions can only proof that currency is close to de valuation.
As the Russian natural resources was Main reason to buy ruble to buy and export to the west.

If China will not do any Exchange with rubles its sign that currency will be devalued.

That is bad news for Russia. I think as long as the corona pandemic is on going and the oil and gas price is so low, there is a lot of negative pressure on the Russian economy and the  currency. Devaluations of the currency are not a bad thing because they make exports cheaper. However the Russian exports are being sanctioned by many western countries creating more pressure on the Russian economy. China will likely try to get a very good deal with Russia to trade.

[int03h]

That is bad news for Russia. I think as long as the corona pandemic is on going and the oil and gas price is so low, there is a lot of negative pressure on the Russian economy and the  currency. Devaluations of the currency are not a bad thing because they make exports cheaper. However the Russian exports are being sanctioned by many western countries creating more pressure on the Russian economy. China will likely try to get a very good deal with Russia to trade.

Russia will be fine as winter is coming and the need for gas for heating and energy to run power plants across Europe must be maintained. Russia is the closest and has plentiful and diverse resources so European countries will have to take advantage of this to import from Russia.
It is not until Europe completes the conversion of energy to another form of fuel exhaustion across Russia is Russia's economic problem the real concern.

[cryptomaniac_xxx]

Russia has still one bargaining power and that is their oil, and they government of Putin is already putting everything to reduce 'capital flight', just like China that's why they are really hard on crypto because they know that their population can simply hide their wealth on it or move their cash that is hard to trace. I think Russia will be fine, they still have a lot of allies that is willing to buy their resource or even trade with them.

[Mihaylovic]

it is not a secret that russian economy is not in a good condition.but good thing for them is that they are not a foreign dependent country. they have enough energy sources and production. So they can continue their lives normally even after a devaluation.