Ukraine Lurches Towards War

The video discusses the ruble's volatility, central bank interventions, and the economic implications of its decline. It highlights the historical context of the ruble's value, public confidence issues, and the impact on Russia's foreign reserves and budget. The central bank's role in managing the currency and the potential consequences of continued ruble depreciation are also explored.

What was the ruble's exchange rate at the start of the week mentioned in the transcript?

• 48 to the dollar

• 50 to the dollar

• 43 to the dollar

• 32 to the dollar

What is one of the main reasons for the ruble's decline according to the transcript?

• Rise in global inflation

• Increase in oil prices

• Decrease in foreign investments

• Lack of confidence in the ruble

How long have the foreign currency reserves been declining according to the transcript?

• 15 weeks

• 11 weeks

• 8 weeks

• 5 weeks

What is the impact of the ruble's decline on the Russian budget?

• It helps reduce the budget gap

• It increases the budget surplus

• It worsens the budget deficit

• It has no impact on the budget

Why is the ruble's decline considered beneficial for the Russian budget?

• Because it increases domestic spending

• Because it reduces import costs

• Because oil and gas revenues are in dollars

• Because it boosts foreign investments