2022 Russian Rubles Crash

Added 2 years ago by Owen • Updated 4 months ago by Zach

Russian Rubles or Russian Economy Memes compared to the Euro and US Dollar.

Part of a series on 2022 Russian Invasion of Ukraine. [View Related Entries]

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President Biden @POTUS * United States government official As a result of our unprecedented sanctions, the ruble was almost immediately reduced to rubble. The Russian economy is on track to be cut in half. It was ranked the 11th biggest economy in the world before this invasion – and soon, it will not even rank among the top 20. 11:10 PM - Mar 26, 2022 · The White House One month later: Putin Invades -80 84.5500 -90 USDRUB (inv) -36% Jan 31 Feb 14 2022 Jan 14 Feb 28 Mar 15 Har Low

The Economist = Menu Weekly edition Q Search v Finance & economics | 'Tis but a flesh wound Russia's economy is back on its feet A recession looms, but perhaps not a big one Getty Images May 7th 2022 < Share N EARLY APRIL we pointed to preliminary evidence that the Russian economy I was defying predictions of collapse, even as Western countries introduced unprecedented sanctions. Recent data further support this view. Helped along by capital controls and high interest rates, before Russia's invasion of Ukraine in late February (see top chart). Russia rouble is now as valuable as it was appears to be keeping up with payments of its foreign-currency bonds. The real economy is surprisingly resilient too. True, Russian consumer prices have risen by more than 10% since the beginning of the year, as the rouble's initial depreciation made imports more expensive and many Western companies

The Russian rouble under Putin USD/RUB 0.050 0.045 Putin becomes president 0.040 0.035 0.030 0.025 After Russia invades Georgia 0.020 0.015 After Russia 0.010 anexxes Crimea 0.009 0.005 After Russia invades Ukraine 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 Source: Investina.com. 11.03.2022. EEAGLL

Scrap Metal tf 0.11 ref M $0.02 10 years ago 1,814 available 1 Russian Ruble equals 0.012 United States Dollar

THERE IS A POINT WHERE WE NEEDED TO STOP AND WE HAVE CLEARLY PASSED IT BUT LET'S KEEP GOING AND SEE WHAT HAPPENS 1 Russian Ruble equals 0.83 Afghan 1D 5D 1M 1Y 5Y Max Afghani 1.5 1.0 22 Mar, 21:10 UTC Disclaimer 1 Russian Ruble 0.5- 3 Mar 13 Mar 0.83 Afghan Afghani Feedback

About • Origin • Spread • Examples •

Category: Event Status: submission Year: 2022 Origin: Russia and Ukraine Region:

Type: Controversy Disaster

Tags: rubles russia ukraine economy economics meme memes reddit conflict crisis invasion putin biden usa nato war wwiii ww3 world war 3 rubles drop rubles devaluation

About

2022 Russian Rubles Crash refers to the official currency of Russia, the ruble, drastically decreasing in value due to Russian President Vladimir Putin ordering the invasion of Ukraine amidst the 2021-2022 Russia-Ukraine conflict that escalated in late February 2022. As a result of the military invasion and ensuing economic sanctions, the Russian economy suffered with the value of the ruble dropping significantly in comparison to other major currencies like the European euro and the American dollar, as well as joke currencies like Roblox's Robux. Russian ruble memes surfaced most notably on Reddit and Twitter in late February and March 2022.

Origin

On February 24th, 2022, Twitter^[4] user YouSeeGundam posted a tweet that showed a stock graph of the Russian ruble compared to the U.S. Dollar, additionally including a screenshot of a comparison in value between the dollar and one Robux from the video game Roblox. YouSeeGundam proved in the tweet that the Russian ruble was worth less than one Robux and earned roughly 167,700 likes in one week (shown below, left).

On February 27th, 2022, AFP News reported via a tweet^[1] that the Russian ruble was down 30 percent due to sanctions levied by the Western world including the United States, Great Britain and other European countries. The tweet cited an article from Bloomberg News^[2] that stated the ruble was indicated to be down 27 percent at 114.33 per dollar in offshore trading. The tweet (shown below, right) received roughly 2,000 likes in four days. The same information was shared to Reddit's /r/stocks^[3] on the 27th, earning roughly 2,000 upvotes in the same amount of time.

YouSeeGundam @YouSeeGundam The Russian Ruble is now worth less than Robux For those who don't know, 1 Robux values 0.0125 USD in the purchase price. https://chrome.google.com> robux-to-usd-converter > ab. Robux To USD Converter 1 Russian Ruble equals 0.011 United States 1D 5D 1M 1Y 5Y Max Dollar 0.014 Feb 24, 7:24 AM UTc Disclaimer 0.012 0.013 Thu, Jan 27 Russian Ruble 0.010 Feb 3 Feb 14 0.011 United States Dollar 5:29 PM · Feb 24, 2022 · Twitter for iPhone

AFP News Agency AFP @AFP #UPDATE Russia's ruble plunged nearly 30% against the dollar Monday after world powers imposed fresh, harsher sanctions on Moscow over its invasion of Ukraine. The ruble was indicated to be down 27% at 114.33 per dollar in offshore trading, according to Bloomberg News AFP F468319738 EDSN РУБЛЬ ERIC ONE L123 LOLL the Tpur Alexander Nemenov 10:44 PM · Feb 27, 2022 · Twitter Web App

Spread

Memes about the ruble's worth appeared on Twitter first amid the realization that the ruble was worth less than the Robux on February 24th, 2022. For instance, Twitter^[5] user YouSeeGundam posted a follow-up meme to their tweet, captioning a GIF of a child sadly performing a Fortnite dance with, "Russians being forced to earn currency on Survive The Natural Disasters like Venezuelans farming gold in RuneScape," earning roughly 10,600 likes in one week (shown below).

Russians being forced to earn currency on Survive The Natural Disasters like Venezuelans farming gold in RuneScape pic.twitter.com/BsXUJW6MW4

— YouSeeGundam (@YouSeeGundam) February 24, 2022

On February 25th, meme creators on Reddit started referencing the ruble's depletion in value compared to the Robux, like Redditor SomeRandomMoray, who posted a meme to /r/whenthe^[6] on the 25th, earning roughly 20,400 upvotes in six days (shown below, left). The same day, Redditor DankCrusaderMemer also referenced Robux in the caption of their Russian rubles meme, posting it to /r/PoliticalCompassMemes^[7] and receiving roughly 3,600 upvotes in six days (shown below, right).

1 Russian Ruble equals 0.012 United States Dollar 0.0125 USD For those who don't know, 1 Robux values 0.0125 USD in the purchase price. Hence, the calculator calculates accordingly. One most important point to be noted here is that it doesn't add up any bonus Robux that you might have earned as a reward in the game. Jul 11, 2021

On February 27th, following the 30 percent drop in value reported by Bloomberg,^[2] more memes referencing the Russian ruble's value appeared on Reddit. For instance, on February 28th, Redditor SicarioCercops posted a meme to /r/dankmemes^[8] that earned roughly 25,900 upvotes in four days (shown below, top). Twitter^[9] user CartonOfEgg posted a meme on the same day that used the Fernanfloo Dresses Up template, earning roughly 1,800 likes in the same amount of time (shown below, bottom).

Many memes on Reddit started to compare the ruble to the euro and the U.S. dollar, depicting these Western currencies as more stable in comparison and equating lump sums of these currencies to "one ruble." For instance, on February 28th, Redditor DingoCertain posted a meme to /r/dankmemes^[10] that earned roughly 6,100 upvotes in four days (shown below, left). Also on the 28th, Redditor Surcrivor posted a meme to /r/memes^[11] that received roughly 7,700 upvotes in the same amount of time (shown below, right).