Let's review my first statement, shall we?
Then, I showed some math, it simple, really, just bear with me for a secondBased on inflation only 1 USD should be 62 RUR by now
And again my point is that if you take inflation as a measurement tool then you have the numbers from above.Difference between inflation in Russia and the US is 106%, so based on inflation, 1USD should cost 62 RUR
And since ruble exchange rate has not changed for almost 10 years it comes to my second statement
Some conclusions:Ruble was a fiction for a long time, now it is time to get real
1. It does not mean that inflation should be the only measurement tool but it's one of them
2. Russian central bank spent billions of dollars to support ruble value on external market and it's costly
3. Current situation with sanctions and oil prices makes it unreasonable for Russia to continue spending billions of dollars to support ruble
4. Now it is time to make some corrections in ruble value and it will be going down
5. People should be thankful that 1 USD is not 70 RUR