🚹 Ruble in Freefall: Russia’s Bold Play to Rewrite Global Currency Rules! 🚹

The Russian ruble is spiraling toward 100 per dollar, a threshold that would once signal panic—but this time, the Kremlin seems unbothered. Instead of intervening, Russia appears to be embracing the ruble's decline as part of a bigger strategy. Here's how:

đŸ’„ Why Is Russia Letting the Ruble Crash?

According to insiders, the weaker ruble boosts Russia's budget ahead of increased war-related spending next year.

Despite inflation soaring past double the 4% target, officials suggest a weaker ruble is manageable and works in the state’s favor.

🔒 Sanctions Tighten the Grip

Western sanctions have caused foreign currency shortages, worsened after the U.S. set an October 12 deadline for entities to exit the Moscow Exchange.

Capital controls have become stricter, forcing 43 major exporters to sell a large share of their foreign currency earnings in rubles.

⚠ The Yuan’s Role & Payment Struggles

The yuan has replaced the dollar as Russia’s preferred foreign currency but is also sliding—down 11% against the ruble.

Exporters are facing payment delays, with many cross-border transactions now taking over a month to process, adding to the liquidity crunch.

🌍 A New Payment System in the Works?

Putin is looking to shake up the global financial system—talks are underway about a BRICS payment network that could leverage blockchain technology. Could this system reduce dependence on the “toxic” dollar and set the stage for a new era in international trade?

📉 What’s Next?

With inflation rising and interest rates back at 19%, the Central Bank is expected to hike rates again soon. As the ruble becomes more common in international settlements, Russia’s currency strategy is transforming global markets. Will this bold play pay off—or will it backfire?

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