Article

2022-03-20 Caucasus/Russia/Central Asia

Russia keeps rate at 20% as economic crisis looms, cenbank to buy govt bonds

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Posted by Matt 2022-03-20 09:47|| || Front Page|| [2 views ] Top

#1 Funny what successful missile strikes, an interest payment and help from India and China can do for a currency. The ruble has soared on the back of these positive developments. It's almost back to where it was pre-invasion in February.

Buying Russian bonds at these prices looks like a winning bet.

Posted by Grusosing McGurque7114 2022-03-20 10:18|| 2022-03-20 10:18|| Front Page Top

#2 "Bet" is certainly the right term. I'd suggest you consult your financial advisor first.

Posted by Matt 2022-03-20 10:40|| 2022-03-20 10:40|| Front Page Top

#3 #1 - posting the same lie under different nyms = troll. Currently 108 Rubles : 1 US $

Posted by Frank G 2022-03-20 10:43|| 2022-03-20 10:43|| Front Page Top

#4 Can I get my check denominated in whatever currency they use in Montana? Or maybe a down payment on a pickup truck.

Posted by SteveS 2022-03-20 10:45|| 2022-03-20 10:45|| Front Page Top

#5 #3 is posting the same stupid lie under the nym "Frank G." He knows nothing of finance and can't even read a price curve correctly. The ruble bottomed out at 154 on March 7 and has been rising every day since. It will get below 100 tomorrow and keep rising as Russia destroys Ukraine this week.

Posted by Whearong the Low-priced1146 2022-03-20 11:00|| 2022-03-20 11:00|| Front Page Top

#6 ^Steve, my recollection is that Borodin also wanted a recreational vehicle.

Posted by Matt 2022-03-20 11:02|| 2022-03-20 11:02|| Front Page Top

#7 401K is worth millions in Rubles.

Posted by DarthVader 2022-03-20 11:59|| 2022-03-20 11:59|| Front Page Top

#8 Russian ruble to dollar rate over the past 2 months. According to that link, the ugliest closing rate was 136.7 on March 7, so Whearong the Low-priced1146‘s 154 on that date must have occurred some time during that day.

This is why I leave all the investing stuff to Mr. Wife, and have promised to stick to basic stock and bond funds after he dies. I started reading my father’s Barrons when I was still a child, but it turns out that reading about a thing is not the same as being able to use it.

Y’all place your bets. It won’t be long before we discover who is right.

Posted by trailing wife 2022-03-20 12:06|| 2022-03-20 12:06|| Front Page Top

#9 The economy of a country of 145 million is not going to transition to the Franc, Yuan or Rupee. Cyber, maybe.

Posted by Skidmark 2022-03-20 14:40|| 2022-03-20 14:40|| Front Page Top

#10 Biden is destroying economies in multiple counties. It may be his greatest talent.

Posted by Bill Slomomp3160 2022-03-20 17:40|| 2022-03-20 17:40|| Front Page Top

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