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Russian Ruble Collapse Accelerates - Joe Blogs
In this video I discuss the continuing decline in value of the Russian Ruble which has fallen at an accelerating rate over the past 3 months and is now close to an all time low against the Chinese Yuan, Indian Rupee, US Dollar, Euro and the British Pound. China is Russia's biggest trading partner for both Imports and Exports but is only prepared to make a receive payments in Chinese Yuan and this has resulted in both a Liquidity Crisis in Russia and a huge increase in costs for Russian businesses and consumers which is now driving up Inflation and Interest Rates.
Chapters:
0:00 Intro
3:45 RUSSIAN RUBLE
6:11 WHY?
8:42 IMPORTS
11:56 EXPORTS
14:30 FOREIGN CURRENCY
17:08 SUMMARY & CONCLUSION