Bruuhh thats hungarian forint and at this point we are also using monopoly money like the russians…
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.
I think those are Hungarian banknotes.
Somehow I feel this meme wasn’t supposed to be literal
I would be pretty Hungary too if all that money doesn’t even buy a loaf of bread.
Looks like around 130000 HUF to me, so around 320 EUR and falling steadily.
Then take Turkey
Monopoly money.
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.
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.
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.
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.
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.
It’s been this bad before? That’s funny too.
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.
It’s been worse before, but news of its impending demise was greatly exaggerated: Biden turned the ruble into rubble. Then it quickly came back. If anything’s been funny, it’s been the US’s/NATO’s overconfidence.
Tell me you’re Russian without saying you’re Russian, lol.
It’s not them being Russian. It’s the .ml
I’m as American as McDonald’s deep fried apple pie.
Very American post, he linked a thing about McDonald’s
You know how Trump wants to revoke citizenship for migrants? If you don’t shill for the state department you’re gonna get your citizenship revoked next time libs are in power lmao.
What brought you to Lemmy and are you on other social media platforms?
I came here for the same reason that other Redditors did last year, including probably you.
What about the US/NATO response do you find so amusing?
I didn’t say amusing, I said funny, as in weird. And the answer is their hubris.
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
Ah yes, such incredible success on display here lmfao https://www.bbc.com/news/articles/cn0dpdx420lo
Maybe making progress during year three of your three day special military operation isn’t really something to celebrate.
you realise its gonna crash the moment russia opens its markets again, right?
What markets are you talking about? Its import/export markets? Its stock market?
Give them a minute they’re going down the list of capital E Economic platitudes to say Russia is for realsies gonna collapse tomorrow and China the day after
