The Russian Ruble Is Now Worth Less Than The Euro, Dollar And Even The 'Roblox' Robux, Inspiring Memes About The Russian Economy
As a result of sanctions levied against Russia during the ongoing Russia-Ukraine conflict, the value of the Russian ruble has tanked to 30 percent, inspiring memes about the Russian economy and comparing the ruble to the steadier euro and even the more consistent Robux currency from the video game Roblox.
#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 pic.twitter.com/GF5xJA81Xl
— AFP News Agency (@AFP) February 28, 2022
According to an article from Bloomberg News published yesterday, the Russian ruble has hit an all-time low in value, down 27 percent at 114.33 per dollar in offshore trading. In addition, Russia's central bank announced it was raising its key interest rate to 20 percent from 9.5 percent in response. This was all a result of the Western world imposing sanctions on the country, which additionally resulted in luxury items like cars and designer clothes being excluded in the new trade guidelines.
On both Twitter and Reddit predominantly, memes started appearing related to the new development. As anxiety about the conflict has grown, memes have become a response to both cope and clown on the Russian government — a government that's growing an increasingly poor reputation online. Multiple Russian economy memes were posted going into the end of February, many of which made humorous comparisons between the ruble and the euro.
— PKLJ (@thePKLJ) February 28, 2022
#Ruble lol get fucked pic.twitter.com/OpfQzSIO2V
— eg (@CartonOfEgg) February 28, 2022
Top 5 meme coins:1. Dogecoin2. Cumrocket3. Safemoon 4. Shiba Inu5. Russian Ruble
— Dr. Parik Patel, BA, CFA, ACCA Esq. (drpatel.eth) (@ParikPatelCFA) February 27, 2022
A reference that started appearing in abundance was how many rubles it would take to make one euro or one American dollar. Meme creators started using image macros of lump sums of money, similar to Huell Rolling In Money or Money Printer Go Brrr.
It was also revealed in an article from Gamer Rant yesterday that the Russian ruble is now worth less than one Robux from Roblox. This viral headline was inherently hilarious, inspiring memes and reactions en masse.
The Russian Ruble is now worth less than Robux pic.twitter.com/DM3N4LZakl
— YouSeeGundam (@YouSeeGundam) February 24, 2022
Russia has long been considered "bad-ass" in much of its meme representation over the years, with the romanticization of the Russian people on subreddits like /r/normaldayinrussia and in ironic memes like Wide Putin putting them on a pedestal. But now as the Ukrainian conflict has started to unfold, meme creators are suddenly abandoning their affection for Russia and shifting their focus to being largely anti-Russian, dropping many of the more lighthearted Vladimir Putin memes and adopting a new hero in Ukrainian President Volodymyr Zelenskyy.
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Quiet_boi
FYI the venezuelan Bolivar is currently worth 0.23 USD while the Ruble is at 0.0093 USD…
So yeah, ouch, not even worth as much as the currency of a country that has been in an communist provoked economical crisis for over 2 decades.
ObadiahtheSlim
This is less the value of the Ruble and more how much people want to own the ruble and how desperate they are to get rid of it. With all these sanctions, not much demand for the currency because there is nothing to spend it on. And with banking sanctions, even if you could find something to buy in rubles, how are you able to give them the money?
Chouseng
And yet it's still as twice as valuable as the Argentinian Peso. WHYYYYY?!!!!
(I mean I know why, we have our own PutinS but with less guns and nukes)
Nox Lucis
Cash too, can be a high risk asset. Government power can be a fleeting thing, after all.