🃏Joker@sh.itjust.works to Microblog Memes@lemmy.worldEnglish · 27 days agoRussian rublesh.itjust.worksimagemessage-square135fedilinkarrow-up1669arrow-down110file-text
arrow-up1659arrow-down1imageRussian rublesh.itjust.works🃏Joker@sh.itjust.works to Microblog Memes@lemmy.worldEnglish · 27 days agomessage-square135fedilinkfile-text
minus-squareHappycamperNZ@lemmy.worldlinkfedilinkEnglisharrow-up22·27 days agoEffectively, no one can buy Russian goods so no one wants to buy Russia currency. As such, it has low value as everyone is trying to get rid of something that is worthless to them, and a willing to accept a lower price to do so. Or using high school economics- lots of suppliers, low number of buyers, value drops.
Effectively, no one can buy Russian goods so no one wants to buy Russia currency.
As such, it has low value as everyone is trying to get rid of something that is worthless to them, and a willing to accept a lower price to do so.
Or using high school economics- lots of suppliers, low number of buyers, value drops.