Coss Posted December 16, 2014 Report Share Posted December 16, 2014 Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after "shock and awe" action by the central bank failed to stem the collapse of the rouble." The situation is critical," said the central bank's vice-chairman, Sergei Shvetsov. "What is happening is a nightmare that we could not even have imagined a year ago." More... " The Russian people are legendarily stoic in the face of hardships but beware if, and when, their patience runs out," Link to comment Share on other sites More sharing options...
yfs Posted December 17, 2014 Report Share Posted December 17, 2014 Has it impacted the Pattaya tourist numbers? Link to comment Share on other sites More sharing options...
Coss Posted December 17, 2014 Author Report Share Posted December 17, 2014 Funny you should say that, there was a reporter interviewing a woman from Russia on TV who was saying she'd had to cancel her holiday in Thailand, can't afford it it seems... 2 Link to comment Share on other sites More sharing options...
bust Posted December 17, 2014 Report Share Posted December 17, 2014 Imagine waking up in the morning and the interest rates had gone up 6% overnight on your mortgage Link to comment Share on other sites More sharing options...
Coss Posted December 17, 2014 Author Report Share Posted December 17, 2014 And apparently all the mortgages are in US$, which is gonna be increasingly harder to get IMHO Link to comment Share on other sites More sharing options...
Flashermac Posted December 18, 2014 Report Share Posted December 18, 2014 Funny you should say that, there was a reporter interviewing a woman from Russia on TV who was saying she'd had to cancel her holiday in Thailand, can't afford it it seems... Russians give Pattaya a big miss http://www.bangkokpost.com/business/tourism/450522/russians-give-pattaya-a-big-miss Link to comment Share on other sites More sharing options...
jitagawn Posted December 18, 2014 Report Share Posted December 18, 2014 Imagine waking up in the morning and the interest rates had gone up 6% overnight on your mortgage This cold happen in a lot of countries... The Global Markets are held together only by a thread Link to comment Share on other sites More sharing options...
Guest Posted December 18, 2014 Report Share Posted December 18, 2014 Russians give Pattaya a big miss ... The sharp devaluation of Russia's rouble has dealt a big blow to Thai tourism with falling reservations from Russian tourists during this high season. http://www.bangkokpo...campaign=buffer Link to comment Share on other sites More sharing options...
unit731 Posted December 18, 2014 Report Share Posted December 18, 2014 They are being "punished" for their actions in the Ukraine. Link to comment Share on other sites More sharing options...
Dexi Posted December 20, 2014 Report Share Posted December 20, 2014 Maybe some geopolitics behind this....Interesting though,that in Rouble terms the Russian stock index hasnt moved a lot.The decline in the Rouble/Dollar matches,almlst exactly the decline in the price of crude. Link to comment Share on other sites More sharing options...
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