Also, the Russian ruble is collapsing before our very eyes:
Newsweek: Russian Ruble Collapses As Putin's Economy in Trouble
Quote:
The Russian currency, the ruble, has plunged to its lowest rate against the U.S. dollar since the start of Vladimir Putin's full-scale invasion of Ukraine as sanctions continue to hurt his country's economy.
After two months of depreciation, the ruble dropped on Tuesday to 107 against the dollar for the first time since March 2022, just after the start of the war that prompted Western-led sanctions, an exodus of companies from Russia and financial turbulence.
The ruble is expected to weaken further with the beginning of the winter holiday season as companies import more goods to meet consumer demand.
|
And it's now at 113 rubles to 1 U.S. Dollar. That is no joke in change, almost 15%.