The ruble has depreciated so much that it is already worth less than “Robux”, Roblox’s digital currency

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Although the Russian economy has been falling for some time, the invasion of Ukraine is hitting it even harder. Following Putin’s decision to go to war, the country’s stock market plunged 33% on Thursday, while the ruble fell 6%. Today, Friday, at the time of this writing, the official currency of the Russian Federation It is worth almost the same as the virtual currency of the Roblox video game.

The tiny difference between the coins came to light in a comparison made on the social network Reddit. As users say, and we have been able to verify, a single Robux, which is used to buy different items in the game that allows you to create virtual worlds, okay approximately $0.0125. A single ruble is worth approximately 0.120 USD.

Russia tries to contain its financial system

The fact that the value of the Roblox currency is, albeit by a minimal difference, higher than that of a nation is, to say the least, curious. Russia it says what has “sufficient financial resources to guarantee economic stability of the country, support companies affected by sanctions and respond to external threats”, but its economy shows negative signs.

Roblox Ruble

The economic woes of this decade began in 2014, when Putin annexed Crimea and threw his support behind separatists in eastern Ukraine. After that episode, the country received a battery of international sanctions. And although the government took measures to deal with this situation, it was not able to fully recover.

Russia has a tool at hand to dodge economic sanctions: cryptocurrencies

Now, a new wave of sanctions is on the way after the start of the war with Ukraine. The United States and Europe promise the largest ever against the country, including special measures against Russian President Vladimir Putin and Foreign Minister Sergey Lavrov. In addition, the group of countries is looking for:

  • Limit the country’s ability to do business in dollars, euros, pounds and yen.
  • Curb the ability to finance the growth of your army.
  • Impair their ability to thrive in the high-tech economy
  • Affect the operation of Russian banks by freezing assets.

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Although the Russian economy has been falling for some time, the invasion of Ukraine is hitting it even harder. Following…

Although the Russian economy has been falling for some time, the invasion of Ukraine is hitting it even harder. Following…

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