Ameriški ekonomisti so zmedeni zaradi "nenavadne situacije", saj je ruski rubelj najbolj uspešna fiat valuta na svetu

Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat currency decline in value, but Russia’s ruble has done the exact opposite.

Russia’s Ruble Outshines the Euro and Dollar — Transcontinental Country’s Fiat Currency Shows Resiliency

On February 28, 2022, Novice Bitcoin-Tidings.com poročali on the Russian ruble sinking to record lows, and citizens started to withdraw lots of cash causing what many reports called a “bank run.” At the time, Russia was hit with strict financial sanctions from countries opposed to the war in Ukraine. Nadalje, the United States, the European Commission, and Western allies imposed restrictions on the Bank of Russia’s international reserves.

Vendar, during the second week of April 2022, Novice Bitcoin-Tidings.com poročali on the country’s central bank slashing rates and pegging the ruble to gold. Ob uri, Russia’s central bank pegged the price of RUB to 5,000 rubles for a gram of gold. Russia also made it so “unfriendly” countries are forced to pay for gas with the ruble. Numerous international buyers are complying with the rule and paying for petro products in rubles. The country’s central bank also slashed Russia’s benchmark bank rate as well.

That week in April, the Russian ruble rebounded to pre-war levels and the fiat currency has shown resilience ever since then. V zadnjem času, various headlines od Western-based media outlets have shown that the Russian ruble is the world’s best-performing fiat currency today. Speaking with CBS, Jeffrey Frankel, a professor of capital formation and growth at the Harvard Kennedy School pripomnil that “it’s an unusual situation” in regard to the ruble rise. The ruble has recorded record highs against the eurozone’s euro and the U.S. dolar.

In the same report, Tatiana Orlova, the lead emerging markets economist at Oxford Economics, said that the increase in commodity prices has been attributed to the ruble’s resiliency. “Commodity prices are currently sky-high, and even though there is a drop in the volume of Russian exports due to embargoes and sanctioning, the increase in commodity prices more than compensates for these drops,” Orlova explained. Orlova further detailed to CBS that there’s been a huge discrepancy between exports and imports in Russia. The Oxford economist added:

We have this coincidence that, as imports have collapsed, exports are soaring.

Orlova also discussed the capital controls Russia’s central bank implemented and how foreign holders of stocks and bonds cannot reap dividends internationally. “That used to be quite a significant source of outflows for currency from Russia — now that channel is closed,” the Oxford economist concluded.

medtem, in the United States, the Biden administration is struggling with hot inflation and the president has a hard time discussing the issue, according to a poročilo from the New York Times’ contributors Zolan Kanno-Youngs and Jeanna Smialek. Biden is claiming that “America is in a stronger economic position today than just about any other country in the world.” Biden continues to blame the Russian president Vladimir Putin for the U.S. gas hikes and calls it the “Putin Price Hike.”

What do you think about the Russian ruble’s performance in 2022? Sporočite nam, kaj mislite o tej temi v spodnjem oddelku za komentarje.

Jamie Redman

Jamie Redman je vodja novic pri Bitcoin-Tidings.com News in finančni novinar, ki živi na Floridi. Redman je od takrat aktiven član skupnosti kriptovalut 2011. Ima strast do bitcoinov, odprtokodna koda, in decentralizirane aplikacije. Od septembra 2015, Redman je napisal več kot 5,000 članki za Bitcoin-Tidings.com Novice o motečih protokolih, ki se pojavljajo danes.

Zasluge za slike: Shutterstock, Pixabay, Wiki Commons