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Basically I'll be receiving my paychecks in Euros, but I'll be living in Russia. The Rubel has spectacularly tanked over the past years and is still really cheap. With the incoming sanctions on Iran, especially on crude oil exports, the oil price is expected to rise.

The Rubel is surprisingly correlated to the oil price, therefore I am planning on converting a nice chunk of my savings into Rubels now.

What's your take on the situation? Are there signs that Trump is going to revert the sanctions once the average Joe starts complaining about gas prices with regard to the upcoming Senate elections? What happens when the next recession starts?



Submitted June 28, 2018 at 07:43AM by munich_man https://ift.tt/2N3k3vc

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