The Demolition of Russia's Economy

If you want to know what a ruble buys instead of the rate that Russian Central Bank decides, just for show, look at AliExpress - that's for actual, real transactions. Right now about 125 rubles per dollar.
 
terr said:
If you want to know what a ruble buys instead of the rate that Russian Central Bank decides, just for show, look at AliExpress - that's for actual, real transactions. Right now about 125 rubles per dollar.
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See, I'd consider what Russian crude is going for rather than "AliExpress". But that's me.
 
Tsing Tao said:
See, I'd consider what Russian crude is going for rather than "AliExpress". But that's me.
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Russian crude is sold for dollars not rubles. And Russians are having so much problem selling it, they are giving huge discounts (and often still can't sell even with that).

Aliexpress, on the other hand, sells direct to consumers, for either rubles or dollars. You can pay in rubles. Or dollars. At the rate of 125:1. Which is the de facto exchange rate. Not what some official in the Russian Central Bank sets it to. RCB can set it to 1:1 - who cares.
 
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terr said:
Russian crude is sold for dollars not rubles. And Russians are having so much problem selling it, they are giving huge discounts (and often still can't sell even with that).

Aliexpress, on the other hand, sells direct to consumers, for either rubles or dollars. You can pay in rubles. Or dollars. At the rate of 125:1. Which is the de facto exchange rate. Not what some official in the Russian Central Bank sets it to. RCB can set it to 1:1 - who cares.
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There are numerous stories out there about deals being made in non-USD currencies. And that's just the ones picked up by the media. Couple that with ships swapping transponders, going dark and switching flags and - while not perfect - its no where near as dark a picture as you and Usualname are painting.
 
Tsing Tao said:
There are numerous stories out there about deals being made in non-USD currencies. And that's just the ones picked up by the media. Couple that with ships swapping transponders, going dark and switching flags and - while not perfect - its no where near as dark a picture as you and Usualname are painting.
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Excuse me but what am I painting?
 
Tsing Tao said:
A dark picture. Of Russia's economic situation.
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ROTFLMAO. Who cares who's painting what. What matters is the facts on the ground. Russia is being sanctioned back to 1950s. At least. Hopefully even more. Complete destruction of the economy, with (unless they arrest Putin and his minions and send them over to Hague for trial) absolutely no perspectives for improvement.

"Painting" whatever here in this forum is meaningless. Reality is important. And reality is extremely bleak for Russia. Very deservedly.
 
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