• AItoothbrush@lemmy.zipEnglish
    341·
    26 days ago

    Bruuhh thats hungarian forint and at this point we are also using monopoly money like the russians…

    • Dicska@lemmy.world
      9·
      25 days ago

      I so wanted to ridicule the ruble, but Forint is like the quarter of the value, still.

      UPDATE: It’s a bit hard to go through every pixel, but what you can see on the photo is about ~250K HUF which is the equivalent of ~600 euros.

      • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
        145·
        26 days ago

        This literally happens every years, and people don’t seem to notice a pattern apparently. Russian government gets more revenue domestically from doing exports with a weak currency.

            • protist@mander.xyzEnglish
              1110·
              26 days ago

              What hubris? They did what they needed to in supporting Ukraine and it’s been incredibly successful, given popular sentiment was Ukraine would fall within days of the invasion. Are you just going to ignore Russian hubris here, invading a giant sovereign nation and exposing the weaknesses in your military along the way? Lmao

                • zurohki@aussie.zoneEnglish
                  26·
                  26 days ago

                  Maybe making progress during year three of your three day special military operation isn’t really something to celebrate.

              • TheOubliette@lemmy.ml
                21·
                25 days ago

                Given that Russia could always go scorched earth on Ukraine with heavy bombing campaigns like NATO countries do on their targets, they could have made Ukraine “fall” within days if destruction was their aim. We should all be thankful that their approach has been less brutal and barbaric than those of the EU, UK, and US.

                We are now seeing small-scale examples of what was always on the table re: the Ukrainian power grid. It could have been gone literally overnight at any point in the last 2+ years.

                It has been clear for some time that the RF is resigned to a slow meat grinder for Ukrainian troops, as any real negotiations were taken off the table by Ukraine’s real masters in the US and Europe.

  • Laura@lemmy.ml
    10·
    25 days ago

    In Russia we really like 50 Cent.

    Or, as we like to call him, 2.5 Million Rubles.

  • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
    1911·
    26 days ago

    Why do people think Russians care about the exchange rate with western currencies when Russia doesn’t actually do any trade using them, and people don’t hold them domestically?

    Also, anybody with even a minimal clue regarding how economics works would understand that a weak currency is good for a commodity exporter since it converts to higher revenue in domestic currency.

    • Grapho@lemmy.ml
      166·
      26 days ago

      Exchange rates don’t mean much, if they did, the UK economy wouldn’t be in the shitter and China’s wouldn’t be the big bad monster it’s become in US media recently.

      GDP adjusted for Purchasing Power Parity is what matters, and Russia is the 4th economy in the world under those metrics. It overtook Japan some months ago.

      Maybe analyse why your corporate media wants you to simultaneously believe Russia has spent three years on the verge of collapse yet you need to send another hundred billion in weapons and fire them all right fucking now, Armageddon be damned.

      • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
        163·
        26 days ago

        The exchange rates matter for the specific case of global trade. If a country is primarily an importer then they want their currency to be strong, and if it’s an exporter than having a weaker currency is better. PPP applies more in terms of the internal economy of the country.

        If a country is largely self sufficient then its internal economy isn’t going to be affected much by the value of the currency on the global market. This is precisely why Russian internal economy isn’t severely affected by the value of the currency on the markets.

        • Grapho@lemmy.ml
          81·
          26 days ago

          I agree, I was trying to add to your point. The “you” in my comment is addressed to Westerners who seem to uncritically internalize whatever their reddit feeds tell them.

          • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
            62·
            26 days ago

            Sadly, uncritically parroting nonsense seems to be the dominant form of discourse. This stuff isn’t hard to understand if you spend even a few minutes to actually think through it, yet here we are.