Ruble Weakens to 70 vs. U.S. Dollar for First Time

The video discusses the ongoing devaluation of the ruble and its failure to stabilize. It analyzes the ruble's performance on a chart, highlighting multiple failures to maintain stability. The ramifications for the Russian financial system are significant, with Vladimir Putin's response and potential capital controls being considered. The Russian Central Bank's actions may have had unintended effects, signaling panic rather than stability.

What was the historic level reached by the dollar-ruble exchange rate?

• 90

• 80

• 70

• 60

What type of chart was used to analyze the ruble's devaluation?

• A one-day chart

• A two-day chart

• A weekly chart

• A three-day chart

What is the impact of the ruble's devaluation on the Russian financial system described as?

• Easily measurable

• Insignificant

• Barely measurable

• Predictable

How many years did Vladimir Putin 'age' in the last 10 minutes according to the transcript?

• Five years

• Six years

• Seven years

• Eight years

What was the unintended effect of the Russian Central Bank's move?

• It had no effect

• It stabilized the market

• It signaled panic

• It signaled confidence