I'm retarded, someone explain to me what is happening

I'm retarded, someone explain to me what is happening.

Russianons, explain how is this affecting your lives? Does this mean you can now buy stuff cheaper?

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Come now, I know there are russkies on pol, explain what's happening. I genuinely want to know.

Savers are rewarded and debtors are punished, this is how normal economy should work, not what we have now in the west, everything is backwards.

It's a good thing.
Trust me, I post on /chug/ so I am kind of an expert

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It means western sanctions of Russia have completely backfired. It's a byproduct of European countries having been forced to pay for Russian oil & gas in rubles.

But can the average Russian buy more things now that the ruble is stronger relative to the dollar?

>omg literally HOW is your entire livelihood not captured by a single plot????lmao??? Like???

try to ask in /chug/ they’re always there and they don’t leave it

It means USD is inflating higher than the ruble, so yes purchasing power increases with stronger currency for locals. Dementia Joe sanctions just ended up hurting the US more than Russia should have had a different strategy

Part is the rubles for gas scheme and part is that the volume is generally way down outside of that due to sanctons. I don't think USD/RUB pair is even traded in large scale nowadays.
Still, for all practical purposes such as buying shit off alibaba and similar ruble is gaining.
Or dropping slower than USD. However you look at it.

>Still, for all practical purposes such as buying shit off alibaba and similar ruble is gaining.

>so yes purchasing power increases with stronger currency for locals
Thanks, that's precisely what I wanted to know.

US Dollar compared to Russian Ruble is worth less, since the Russians do not allow currency exchange, force countries to pay in Rubles etc. The average Russian isn't most likely better off as they don't see a dollar.

If you were an American in Russia somehow right now, you would buy less since your currency is comparatively worth less than it would be normally.

It hasn't affected mine. Prices have risen a bit, but it's manageable.

But the USDRUB is falling down cuz there's almost nothing left to import from US/EU legally, therefore there's no need to keep the currency. CNYRUB on the other hand haven't lost much of a value.

>Russians do not allow currency exchange
>But the USDRUB is falling down cuz there's almost nothing left to import from US/EU legally
This.

How are the prices on food, electrical bills and other necessities?

You can still order sanctioned tech from China, right? How do the prices on sanctioned products compare to what they were before?

Try to open a business without loan you retard. Or maybe you're one of those idiots who want McDonalds to make everything from clothes to your McSchizo pills.

in fact looks like if you have savings in the EU/$, you better switch to the RUB if it would keep the value

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Food prices went +10% (>+15% on imported stuff), as for the bills and gas - nothing has changed much, the average +4%/yr.

I can travel to China/Turkey to bring the goods by parallel import, yes. The choice of tech gets more narrowed.

Thanks. I'm still looking to hear more stories from other Russianons.

>Does this mean you can now buy stuff cheaper?
They can't buy stuff retard, nobody wants rubles.

Compare this chart with USD chart and every other currency.

The Ruble is falling.

>They can't buy stuff
They have parallel import from China and Kazakhstan that is uncontrollable by the West, so they can. I know at least that much.

Basically, if you have cash (not those numbers in the bank account) - you can sell it with +15-20% profit. But hafta be careful of Federal Taxation Service, illegal operations are the subject to penalty.

I keep USD and CNY in cash in case of going abroad cuz no card service. Honestly I can't see any safe bet where to keep the earnings, I'm just buying whatever possible to buy.

One funny thing that I have learned that Russia ran outta butt implants. My colleague are searching for them with 50/50 success.

Kek. They should just implant the salo stolen from hohols.