A ruble has only been worth less than a penny one other time in the last 20 years, and that was in Feb 2022. After which Russia instituted a plethora of monetary policies to get it back under control. But the price has been steadily sliding back down.
How so? A Russian ruble is now worth less than a US penny.
It’s been for years, that’s why. The article says it like it’s new
A ruble has only been worth less than a penny one other time in the last 20 years, and that was in Feb 2022. After which Russia instituted a plethora of monetary policies to get it back under control. But the price has been steadily sliding back down.
You are playing with margins. In early 2016, it was only 1.2 times what it is today