Brenda Murphy3 said:Look, sorry, but do you seriously believe this stuff you're typing? Thousands of Russians have already opened offshore accounts abroad just to stash their hard-earned cash. And let's be real—there isn't a single person left in Russia who wouldn't sprint to the bank tomorrow to swap their Rubles for Dollars at this rate if they actually could... but they can't. That right there is all the proof you need regarding how "strong" this Ruble actually is.
The whole "do you actually believe this?" routine is basically becoming part of my personal folklore whenever I post something. ☕
You bring up those thousands of Russians opening overseas accounts—but thousands isn't exactly a massive slice of the population. Most Russians probably haven't even bothered with foreign accounts.
Besides, there are easier ways to dump Rubles into something with actual value. I assume people in Russia are still buying gold, jewelry, diamonds, or whatever else holds its worth.
Sure, the exchange rate might stabilize eventually since it’s shot up over 100% from its lowest point. I'm seeing signs that companies are starting to loosen up those mandatory Ruble conversion rules.
But most people aren't Wall Street speculators looking for an exit. When something climbs too high, the naive assumption is always that it’ll just keep going up.
And let's not forget the luck factor—some folks actually dodged a bullet because they couldn't get their hands on Dollars or Euros at the start of the conflict, leaving them holding Rubles. Back then, everyone was desperate to swap, but I'd bet that frantic interest has cooled off quite a bit by now.