Russian invasion of Ukraine

CTID1977 said:
keep up mate, it's 114 for a dollar now and 120 for an euro ;)
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There comes a point in the collapse of a currency where you need a wheel barrow to shift the volume of notes that actually has some value. And when you come to do the trade the other party has more interest in the barrow than the notes.

As I said recently, it's hard to know the significance of this. Who uses rubles now outside of Russia, and therefore who is going to buy them on the international markets. It makes perfect sense the value collapses, but Russia will carry on.

What is far more telling is the foreign currency reserves, how much they have left and how are they managing to use it ti trade internationally around the sanctions.
 
Gareth Barry Conlon said:
There comes a point in the collapse of a currency where you need a wheel barrow to shift the volume of notes that actually has some value. And when you come to do the trade the other party has more interest in the barrow than the notes.

As I said recently, it's hard to know the significance of this. Who uses rubles now outside of Russia, and therefore who is going to buy them on the international markets. It makes perfect sense the value collapses, but Russia will carry on.

What is far more telling is the foreign currency reserves, how much they have left and how are they managing to use it ti trade internationally around the sanctions.
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I think a large chunk of the trade they are doing is by way of bartering oil for goods.
 
There has always been a possibility that Russian economy/ military/ political system will collapse. The Prizoghin mutiny gave one example of how that might materialise.

Putin's strategy, once it became clear he'd been defeated in the initial battles of the war, is to outlast Western resolve in general, and hope for Trump victory specifically.

It's still very much unclear how this will turn out (at least to me) but it does seem amongst all the gloom, that with the need to import Korean troops, the apparent increasing reliance on non-military or no vehicles, and the evidence of economic difficulties heightening, the probability of Russian collapse is increasing.
 
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