When the Russia-Ukraine war started....the dollar bought around 75 Rubles, and a month into the war....it was around 130 Rubles to the dollar.
Then, from March to June, it dropped like a rock. Eventually, the dollar could buy fifty to sixty Rubles.
Lately? A dollar buys 101 Rubles.
Odds by December? At the current pace, I think it'll come near 150 Rubles.
Now, I won't go out and suggest you buy Rubles, but if you found some Russian guy who had something of value (antiques or WW II stuff)....you might find he's willing to cut a deal.
Bad sign for Putin? Economically, the average Russian would be hurt if they bought stuff from beyond the border, but I just don't see that going on.
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