Open Side Menu Go to the Top
Register
Russian Stocks Risk/Reward Russian Stocks Risk/Reward

05-10-2022 , 05:29 AM
may be the same guys doing it too
Russian Stocks Risk/Reward Quote
05-12-2022 , 01:55 PM
ruble new 52 week high

again
Russian Stocks Risk/Reward Quote
05-12-2022 , 09:04 PM
If you guys plans on investing in Gazprom, how are you going to do it?
Russian Stocks Risk/Reward Quote
05-13-2022 , 04:15 AM
I haven't seen beautiful flowers growing in a garbage dump before.
Russian Stocks Risk/Reward Quote
05-17-2022 , 05:31 AM
https://www.bloomberg.com/news/artic...rnd=premium-uk

As the ruble’s official exchange rate parts ways with its value on the street, dollars are becoming hard to find.

For Boris, a doctor based in Moscow, the search got so desperate that he pondered a high-tech, and seemingly improbable, black-market scheme that a friend was pushing.

After interacting with a bot via messenger app, his acquaintance transferred rubles electronically to receive a barcode that he scanned to access a safe storage box at a Moscow mall.

The 1,000 euros ($1,040) he’d ordered were sitting inside.

“Banks either have no foreign currency, or, if they do, they sell it at a bad rate,” said Boris, 35

--

“It’s like trying to show the Soviet Union is beating America by waving a copy of the Izvestia newspaper in someone’s face in 1982 and saying: ‘Look, the dollar is worth only 64 kopecks!”’ said Sergey Khestanov, a Moscow-based professor of finance and banking and advisor to the chief of executive of the Otkritie brokerage. “I’d agree -- if anyone could actually buy a dollar for 64 kopecks.”

--

sounds great
Russian Stocks Risk/Reward Quote
05-18-2022 , 12:55 PM
russian stocks are flat since op started this thread. us are down 10%
Russian Stocks Risk/Reward Quote
05-18-2022 , 03:35 PM
you're a really weird dude, what was your old account?
Russian Stocks Risk/Reward Quote
05-18-2022 , 09:55 PM
Quote:
Originally Posted by Jehova-Jireh
russian stocks are flat since op started this thread. us are down 10%
Are non-Russians allowed to sell Russian stocks yet?
Russian Stocks Risk/Reward Quote
05-19-2022 , 10:28 AM
Not on Fidelity. Market frozen.
Russian Stocks Risk/Reward Quote
05-19-2022 , 12:40 PM
Quote:
Originally Posted by rickroll
you're a really weird dude, what was your old account?
Obvious Russian shill is obvious.
Russian Stocks Risk/Reward Quote
05-19-2022 , 01:42 PM
the federal reserve has bought $9 trillion in bonds but it's russia who fixes the market?

looks like OP is printing money
Russian Stocks Risk/Reward Quote
05-20-2022 , 11:47 AM
ruble new 4 year high vs usd and 7 year high vs euro

biden did that
Russian Stocks Risk/Reward Quote
06-11-2022 , 01:34 AM
ruble about 7 year highs versus dollar today!
Russian Stocks Risk/Reward Quote
06-12-2022 , 07:55 PM
you are a clown
Russian Stocks Risk/Reward Quote
06-12-2022 , 10:50 PM
ive been all over the bullish ruble vs. usd trade. russian stocks flat but big rally expected already outperforming us benchmarks since thread was started

what have you contributed? or are you a high volume poster in threads you dont have any knowledge just feel like posting whatever thoughts pop into your head whenever you want?
Russian Stocks Risk/Reward Quote
06-22-2022 , 03:22 AM
this thread another example theres no money to be made listening to the masses

ruble new 7year highs against us dollar every day
Russian Stocks Risk/Reward Quote
06-22-2022 , 03:08 PM
Quote:
Originally Posted by SoCalQuest
Not on Fidelity. Market frozen.
another derivative of this trade is to short us / nato countries

ruble/usd exchange rate is the barometer for who is winning in their now adversarial relationship

thats the position the market and most of the world is taking

u.s. u.k. canada australia new zealand europe are he/him/she/her/they/thems starting or funding wars all over the world passing idiot domestic politics laws that further constrain their supply chains despite being highly leveraged and having outsourced their means of production

these countries are highly indebted inflationary tinderboxes run by stupid people with populations that are mostly obese sex addicted emotionally out of control psychopaths

now they are chronically sick with disease they try to wish away or pretend doesnt exist

the chinese have a much more diplomatic way of calling them 'decadent' in decline

china, russia, india, indonesia, many emerging market countries in latin america and africa dont need to rely on imports and have started hoarding resources

bitcoin gold other hard capital flight assets are the only good trades in the u.s. and rest of the west these countries are imploding

ruble/usd exchange rate reflects that
Russian Stocks Risk/Reward Quote
06-22-2022 , 03:35 PM
Putin Sets Russians on Wild Hunt for Dollars in Black Market
Official exchange rate differs wildly from price on street
Capital controls have sent the ruble on best rally globally


Bloomberg News
May 16, 2022

As the ruble’s official exchange rate parts ways with its value on the street, dollars are becoming hard to find.

For Boris, a doctor based in Moscow, the search got so desperate that he pondered a high-tech, and seemingly improbable, black-market scheme that a friend was pushing.

After interacting with a bot via messenger app, his acquaintance transferred rubles electronically to receive a barcode that he scanned to access a safe storage box at a Moscow mall.

The 1,000 euros ($1,040) he’d ordered were sitting inside.

“Banks either have no foreign currency, or, if they do, they sell it at a bad rate,” said Boris, 35, who requested that his surname not be used due to the sensitivity of the matter. Still, “you’d have to really trust the system to do that. I wouldn’t risk it,” he said.



Vladimir Putin’s war against Ukraine has put the economy on track for its sharpest contraction in decades. But the Russian currency is up about 25% against the U.S. dollar since the invasion began, giving it the incongruous title of best performer globally.

While that’s allowed Putin to brag that the sanctions “Blitzkrieg” of the West has failed, ordinary Russians can’t take advantage of the currency’s strength. Oil flows and capital controls have warped the official rate, and the ruble is around 20% weaker at exchange points and on the black market -- reminding many Russians of its Soviet predecessor.

“It’s like trying to show the Soviet Union is beating America by waving a copy of the Izvestia newspaper in someone’s face in 1982 and saying: ‘Look, the dollar is worth only 64 kopecks!”’ said Sergey Khestanov, a Moscow-based professor of finance and banking and advisor to the chief of executive of the Otkritie brokerage. “I’d agree -- if anyone could actually buy a dollar for 64 kopecks.”

Under the central bank’s latest rules, lenders can only sell dollars and euros they’ve received since April 9. Individuals can withdraw hard currency, but only from accounts opened before March 9 and not more than the equivalent of $10,000 before September. The limit for physically carrying out cash when going abroad is also $10,000.

In an echo of the illegal money changers operating in the late Soviet period, middlemen working in cahoots with bank employees lure buyers with rates that beat the official ones posted in currency exchanges.

As in the past, there’s always a danger of walking away with counterfeit notes, according to Boris. He eventually opted for the middleman and paid 15% more than the official rate to buy $2,000 for his his ex-wife and children. They needed cash on hand for a holiday in Turkey since sanctions stopped Russian-issued credit cards from working abroad.

On Monday, banks were selling dollars on average for 20% more than the ruble price quoted on the Moscow Exchange, according to a survey of about 70 Moscow banks and exchange points by the RBC and Banki.ru financial websites. Black-market rates shown in currency exchange channels on messenger apps ranged from 73 rubles to 76 rubles in Moscow on Tuesday, while the ruble was little changed at 63.35 per dollar as of 2:22 p.m. in Moscow.

That may be a far cry from the giant gap between official and black market rates in a country like Zimbabwe, but the discrepancy in Russia reflects the reality of an economy that’s never been this isolated in its post-Soviet history.



Sanctions severing Russia from the global banking system and emergency capital controls at home are choking off imports and making large-scale capital flight impossible. At the same time, international penalties have been carefully crafted to allow countries to continue buying Russia’s oil, gas and other commodities, keeping billions of dollars flowing into Kremlin coffers each week.

Defending the lopsided US approach, Secretary of State Antony Blinken dismissed the ruble’s rally at the start of April as “not sustainable.” The currency has appreciated 30% since Blinken spoke, but Tatha Ghose at Commerzbank AG agrees with him.

“The exchange rate no longer has any forward-looking component because sanctions and capital controls prevent meaningful capital flow,” Ghose wrote in a report. The ruble is moved by “day-to-day current demand and supply for trading those items which are still possible to export and import.”

Even the Bank of Russia admitted in its latest monetary report that sanctions have essentially turned the rate into a blunt expression of the country’s trade balance.

As an embargo on oil and gas by European governments kicks in by late 2022, Ghose predicts the ruble will slump 10% by year-end and a further 20% by the end of 2023.

To be sure, some ruble weakness would be welcomed by the Finance Ministry.

The dollar price of Russia’s main Urals blend of crude oil is falling and the currency’s appreciation means the government collects ever fewer rubles per barrel, imperiling its budget revenue targets.

Russia will be left with “virtually no cushion for the economic slump and the financial pressures of the protracted war in Ukraine,” TS Lombard’s Christopher Granville and Madina Khrustaleva wrote in a note.

Back on the dollar trail in Moscow, Sofya, 22, a student, managed to buy $550 dollars at an official exchange point on her third attempt.

She’s getting the cash together to take to her boyfriend, who she packed off to Prague amid constant speculation Putin will announce a national call-up as the war drags on. Her tip: set out early and contact the banks in advance to avoid disappointment.

“The exchange rate was bad, way higher than the official rate,” she said. “But at least they weren’t charging a 30% commission like they were in February.
Russian Stocks Risk/Reward Quote
06-22-2022 , 03:48 PM
Quote:
Originally Posted by Cuepee

Even the Bank of Russia admitted in its latest monetary report that sanctions have essentially turned the rate into a blunt expression of the country’s trade balance.
thats the point

the rest of the article you quoted is propaganda nonsense

Last edited by Jehova-Jireh; 06-22-2022 at 04:00 PM.
Russian Stocks Risk/Reward Quote
06-22-2022 , 04:37 PM
Quote:
Originally Posted by Jehova-Jireh

the rest of the article you quoted is propaganda nonsense
Oh, the irony.
Russian Stocks Risk/Reward Quote
06-22-2022 , 04:50 PM
Quote:
Originally Posted by jefkve
Oh, the irony.
you think this but you dont realize you are the irony

the markets kneejerk reaction in february and march was 155 ruble against the dollar

now the headfake is over and months later the market has repriced 53 ruble against the dollar

who is the irony again?

please tell me more about how the evil russians are manipulating the market and spreading propaganda when your country is involved in wars all over the world buying $9 trillion of its own bonds on the open market and censoring free speech online

ive been all over this trade and the market reflects that
Russian Stocks Risk/Reward Quote
06-23-2022 , 01:20 AM
cuepee here is another article that gets it right until the last paragraphs then propaganda

https://www.cnbc.com/2022/06/23/russ...sanctions.html

no country has to import anything, imports are luxuries. imports of necessities is not a viable economy europe is finding that out the hard way

russia china india other countries are starting to hoard resources and will become self reliant if they are not already

decadent countries vastly overvalue swift and western financialization

they are paying the price now
Russian Stocks Risk/Reward Quote
06-23-2022 , 03:13 AM
Quote:
Originally Posted by ThePLOGrinder
If you guys plans on investing in Gazprom, how are you going to do it?
You send the money you want to spend on it to charity. Much higher returns.
Russian Stocks Risk/Reward Quote

      
m