Dollar to Ruble price is currently at 96.25.
This is despite the fact Russia has continued to raise it's interests rates to attempt to tackle inflation. The current interest rate with the Russian Central Bank is 19%.
The government also ended their subsidised mortgages in June, so if someone comes along to Sberbank looking for a mortgage right now, they'll be tasked with interest rates of around 20%.
None of this will break Russia today or tomorrow. But if they can't stop this trend or make significant progress on the battlefield in the next couple of years they will collapse.
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Russia-Ukraine War (continuing)
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