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Putin’s warlords and oligarchs threaten coup as Ruble craters | My Times Ukraine Podcast | Diane Francis
(dianefrancis.substack.com)
this post was submitted on 25 Aug 2024
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How is it cratering? Sure, exchange rates are showing ups and downs over the past year, but it's not much more than a 10 USD spread.
https://www.google.com/finance/quote/USD-RUB?window=YTD
At the beginning of August, you could get 84 rubles for $1, today you can get 91 rubles for $1. It's certainly not "cratering" per that hyperbolic headline, but it's not an insignificant change, especially since the exchange rate had otherwise been on a downward trend since April.
Now try to buy $1 with 91 rubles.
I heard the dollar went for around 200 rubles on the black market...