Randahl Fink on Nostr: “No reason to panic”, says Vladimir Putin after the Russian ruble crashed on ...
“No reason to panic”, says Vladimir Putin after the Russian ruble crashed on Wednesday, and the Russian central bank has now been forced to close foreign access to trading in rubles.
What “no reason to panic” really means is, those who bought rubles in June 2022 have now lost 49 percent of the value. In other words: Russians who have saved up for their pensions have lost half of their life savings in two years because of Putin’s disastrous war.
Source: https://www.cnbc.com/2024/11/28/russia-tries-to-stem-panic-over-plummeting-ruble-central-bank-steps-in.html#:~:text=Russia's%20central%20bank%20(CBR)%20was,the%20volatility%20of%20financial%20markets.”
What “no reason to panic” really means is, those who bought rubles in June 2022 have now lost 49 percent of the value. In other words: Russians who have saved up for their pensions have lost half of their life savings in two years because of Putin’s disastrous war.
Source: https://www.cnbc.com/2024/11/28/russia-tries-to-stem-panic-over-plummeting-ruble-central-bank-steps-in.html#:~:text=Russia's%20central%20bank%20(CBR)%20was,the%20volatility%20of%20financial%20markets.”