Since March 1 1 day, 2023, the fluctuation range of spot trading price of RMB against Russian rouble in the inter-bank foreign exchange market has been expanded from 5% to 10%, that is, the spot trading price of RMB against Russian rouble in the inter-bank foreign exchange market can fluctuate within the range of 10% of the central parity rate of RMB against Russian rouble announced by China Foreign Exchange Trading Center.
The research report of Luo Zhiheng's team of Guangdong Securities shows that the oil and gas industry is the pillar of Russian economy, industry and trade. Fluctuations in oil prices and sanctions in Europe and America have caused fluctuations in economic growth. Since 20 14, Russian economic growth has been declining.
Russia's industrial structure is relatively simple, its grain, energy and raw materials are highly competitive, and its finished products depend on imports.
According to previous data, from October19 to September 1-9, Russia's main export commodities were mineral products, including fossil fuels, mineral oil and its products, asphalt and so on. In the same period, the top four exporting countries of Russia were China, Netherlands, Germany and Turkey, and their exports accounted for 13%, 1 1.2%, 6.6% and 5.2% of Russia's total exports respectively.
In the past few days, international oil prices have risen sharply. The settlement price of Brent crude oil futures rose continuously from $92.97 per barrel in February 17 to $0/4 per barrel in March 9.
National business daily
Related Q&A: Related Q&A: Why can the Russian ruble now become the "strongest currency" in the world? The first two pictures show the largest banknote in Zimbabwe in 2009: 100 trillion RMB.
The last two pictures show the largest banknote in Zimbabwe in 2023: 100 yuan.
In just 13 years, the Zimbabwe dollar has risen instead of falling, and it has also increased by a trillion times. Isn't this the "super invincible and strongest currency in the universe"? If you really think so, you lose. Whenever there is trouble, there will always be moths. There is a simple reason. Zimbabwe abolished the old currency and then issued a new currency, that's all.
Then the Russian moth ruble is easy to understand. Although the ruble is not directly abolished, there are also "freely convertible rubles" and "not freely convertible rubles". Through human intervention, people have the illusion of "the strongest currency".
Of course, don't pretend to be strong, market data will not accompany you in acting. At present, the purchasing power of Zimbabwe's largest denomination notes is pitiful, so it is imperative to continue to issue larger denomination notes. And the Russian ruble, you can never get dollars at the official high exchange rate.