"The ruble "collapsed" to its lowest level since the war between Ukraine and Russia! The Central Bank urgently called for a halt to the exchange, experts say the Russian economy is on the brink of collapse."

The Russian ruble plunged as much as 7% to 115 rubles per dollar on Wednesday, the lowest level since March 2022 when it was fully sanctioned for the start of the war, prompting Central Bank to announce that it would stop buying forex in rubles by the end of the year. (Synopsis: Putin's first launch of a "loadable nuclear bomb" intercontinental missile, revised the nuclear counterattack threshold, BTC's largest black swan? (Background added: De-dollarization embraces Bitcoin!) Russia plans to push BTC into an international trading coin, breaking through the SWIFT ban ) The Ukrainian-Russian war, which began in February 2022, has reached 1,000 days on the 19th of this month, which can be called the deadliest geopolitical conflict in Europe since World War II, causing huge casualties and economic losses to Ukraine, and nearly one-fifth of the territory is occupied by Russia. Russia, which launched a war of aggression, continues to be subject to major international sanctions, but the blow to the Russian economy has not been as big as NATO countries expected, and this year even the argument that "the Russian economy is getting stronger and stronger" is prevalent. The Russian ruble collapsed! However, it is worth noting that the Russian ruble experienced panic dumping this week, with the ruble briefly falling 7% to 115 rubles to the dollar on Wednesday (11/27), the lowest level in 32 months since Russia was sanctioned for the war in March 2022. Since last Thursday, the ruble has fallen by more than 12% against the dollar and by more than 13% against the euro. The collapse of the ruble on Wednesday prompted Russia's Central Bank to intervene urgently, announcing that it would ban Russians from buying forex in rubles by the end of the year. With the intervention of Russia's Central Bank, the ruble exchange rate has gradually returned to 108 rubles per dollar since Thursday. Source: Google Finance Putin responds: people do not need to panic RIA Novosti reported that Russian President Putin called on the public in a speech on Thursday to not panic about the sharp depreciation of the ruble. He said that the Russian ruble exchange rate sometimes has sharp fluctuations, this time mainly affected by budget expenditures and seasonal demand changes, stressing that "I think the situation is under control and there is absolutely no reason to panic." The Russian Economy Minister also tried to downplay the sharp depreciation of the ruble, again blaming sanctions, which have nothing to do with the fundamentals of the Russian economy. According to Bloomberg analysis, a major reason for the recent sharp depreciation of the ruble is the expansion of US sanctions against Russia last week. Biden expands sanctions: killing Gazprombank The Biden administration is increasing pressure on Russia in the remaining 2 months of his term, and the US Treasury Department imposed new sanctions on about 50 Russian banks linked to the global financial system on the 21st, seriously hindering Russia's foreign trade payments, among which sanctions against Gazprombank, Russia's third-largest bank, are particularly painful for Russia. Because this institution provides international payment services for Russia's main gas exports. Previously, the United States was afraid to take action because Europe was still dependent on Russian gas, but after the European Union gradually got rid of dependence, the United States chose to officially take a heavy knife last week, and the ruble has fallen by more than 8% since the latest round of sanctions. This could accelerate Putin's expansion of the use of cryptocurrency for cross-border transactions, as well as the faster launch of the BRICS-like SWIFT-like clearing system. Extended reading: Russia 9/1 trial cryptocurrency cross-border payment, Putin can really circumvent Western economic sanctions? Russia's wartime economy is on the "brink of collapse" At present, many analysts estimate that the dollar-ruble exchange rate may depreciate to the level of 115~120 rubles per dollar by the end of the year. CNBC reports that Timothy Ash, emerging markets strategist at BlueBay Asset Management, warned that "a real Currency Crisis seems to be brewing in Russia." A weak ruble means inflation, and Russia's Central Bank policy Intrerest Rate will rise with it, and real GDP growth will fall as a result." Although Central Bank has raised its policy Intrerest rate to 21%, it still cannot withstand Russia's inflation rate, which rose to 8.5% in October. However, Putin's government still blames international sanctions for the high inflation and ruble depreciation, and has always denied the question of "butter for cannon". Joseph Brusuelas, chief economist of RSM US Financial Consulting, commented on Wednesday's collapse of the ruble exchange rate: "Two years of sanctions are beginning to wreak havoc on the Russian economy" As the Kremlin made a major choice between cannon and butter, inflation wreaked havoc on the domestic economy, the ruble has fallen by 35% since August and is on the verge of free fall, with dairy, oil and vegetables rising 74% since December. If Central Bank succumbs to pressure from oligarchs and the Kremlin and cuts interest rates, Russia's wartime economy will be on the verge of collapse as inflation soars and prices on the black market are very different from official Russian claims. Putin again praised Trump as "smart and experienced", worried about his personal safety On the other hand, CNN reported on Thursday that speaking to reporters in Kazakhstan, Putin praised Trump, who will take office next January, as a "smart and experienced" politician with the ability to find a "solution" in the face of tensions between Moscow and the West over the war in Ukraine. He also believes that Russian-American relations may improve after Trump takes office. Putin also said that "absolutely uncivilized means of struggle have been used against Trump," referring to Trump's return to the White House after avoiding two assassinations, adding that he fears Trump is not safe at the moment. Putin's friendly tone contrasted sharply with his threatening tone of the outgoing Biden administration, which denounced the Biden administration for allowing Ukraine to launch American-made ATACMS long-range missiles at Russian military targets, thereby causing an "escalation" of the war in Ukraine. Putin threatened to launch more of Russia's new medium-range ballistic missile "Hazel" into Ukraine, pointing out that if Hazel is used in the same place many times, its power is comparable to "nuclear weapons", like a meteorite falling, but the missile is not currently equipped with a nuclear warhead, and Russia has recently revised the threshold for nuclear counterattack. He warned: The use of Hazel missiles against Ukrainian troops, military-industrial facilities or decision-making centers, including Kiev, is not excluded, since the Kiev authorities continue to try to attack our important facilities today. Extended reading: Putin's first launch of a "loadable nuclear bomb" intercontinental missile, the lower revision of the nuclear counterattack threshold, BTC's largest black swan? Related Stories De-dollarization to Cryptocurrency? Putin suspends "BRICS unified goods coin": investment can be settled using digital goods Putin confirmed: is developing a special payment system for the 10 BRICS countries, and the global financial order will change the sky? Putin: The Block chain should be used to create a "new international settlement system", no one likes the dictatorship of monopolists 〈The ruble "collapsed" the lowest after the war between Ukraine and Russia! Central Bank urgently shouted to stop the exchange of foreign exchange, experts: Russia's economy is on the verge of collapse" This article was first published in BlockTempo "Dynamic Trend - The Most Influential Block Chain News Media".