- Russia’s yuan reserves are nearly depleted due to Chinese banks’ fear of US sanctions.
- Lenders have urged Russia’s central bank to address the yuan deficit, causing the ruble to drop.
- China’s hesitance stems from US threats of secondary sanctions over Russia’s Ukraine war financing.
The Ruble is worth more now than before the war started
https://tradingeconomics.com/russia/currency
Your graph is showing dollars vs rubles, dumbass. Compare rubles vs dollars over 5 years and it’s the direction we all know it to be. https://www.tradingview.com/symbols/RUBUSD/
I didn’t realize that was different
Both graphs are showing the same thing - Russian currency weakening. Your’s just shows how many rubles it takes to buy a dollar (not something you want going up if you’ve got rubles).