Alam, why US$ so weak v Ruble; now 1US$=63.62Ruble
#1

You brainless talking about RMB weak.  

Do you know a weaker RMB is good for China's manufactured goods export?     

Rotfl  


[Image: USDRuble220505.png]
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#2

China's Central Bank got very smart people.

Money from overseas are stuck in China because it is not worth converting to USD now! So, it's better to leave the money in China!  Big Grin
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#3

rate up 50basis for inflation
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#4

So better buy CNY?  LPPL


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#5

(04-05-2022, 05:49 AM)kokee Wrote:  china govt media now said russia will lose in Ukraine war & Russia will be dissected by 12 country, china will share with the rest 11 country on russia land.
sound like russia will lose till surrender & whole country will be gone & no more russia in future.
china is eyeing or try to please the west & work with west to attack russia?
can russia work with the west & attack china & dissect china?
what happen to china & xi? suddenly betray russia totally? so worry & scared?



5.2 【十二國瓜分俄羅斯?】中國官媒預言俄羅斯最終戰敗,國土被十二國瓜分,中國亦分一杯羹!




all these moronic know nut comie dogs here, real hooligan, look for fight here 7/24.
FLG? I fxxk FLG 100x here, another shitty product of china, who F care anything from china, FLG & ccp, all can go to hell immediately.

ruble? explain 10x here, these dogs keep spamming to con or brainwash morons here only.
strong ruble is putin to save face to tell the world sanction is no effect but as above lies from all dictator communism is to con their people only. Real effect of russia sanction is super huge inside russia & to russian, almost nothing import can buy in russia today, then you want strong ruble for what? ruble is totally useless in the world today, cant buy anything, worse than RM. Now russia foreign minister beg to remove sanction almost everyday.

all these dogs here like ruble, why dont they sell all their asset & buy ruble, some more with 20+% interest, what happen when interest drop to 10%? how about 0%? crash to nothing? russia is going to dissolve again like in 1990 in near future, all ruble will basically gone forever, these dogs  bark here but no action, why? all these know nut moronic comie dogs here, all know who they are.
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#6

(05-05-2022, 01:00 PM)revealer Wrote:  So better buy CNY?  LPPL


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Because of the sanction,  the US,  Europe and other countries sanctioned against Russia will not have the opportunity to buy cheap Russian oil and gas.   Just wonder if the other countries are using the opportunity to buy cheap from Russia?  India reported they took the opportunity.  They haut ah huat,  laughing all the way to the banks.  China's contracts with Russia are mainly in Euros or USD.

https://www.energypolicy.columbia.edu/re...r-economic
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#7

Russia is playing another dangerous game when they insisted the unfriendly nations pay for supplies in Ruble.  This is a very short term view for which the unfriendly nations will have no choice but to comply.

For gas and oil supplies,  it is usual for countries to have contracts signed with payment terms specified to protect the interest of the parties.  Most of the contracts are paid in Euros.   

In the case of Russia, being the supplier,  they spent a lot on the pipelines and investments for the infrastructures.  They want a return for the installations.   As the consumer countries,  they want a steady stream of supply.    Now that Russia insisted on payments using Rubles instead of Euros,  they are the ones breaking the contracts.  Once the consumer countries can find alternatives,  they would have the legal right to break the contract.  Now, who is going to pay for the pipeline and infrastructure?

https://www.rferl.org/a/eu-russia-gas-oi...69029.html

https://www.aljazeera.com/news/2022/5/4/...ussian-oil
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