The russian Ruble has fallen to 70 rubles to 1 US dollar. In July it was 33 to 35 rubles to 1 US dollar.
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Russia appears to be falling into an economic crisis far more quickly than most had expected. However, a currency crisis is just the beginning of a bigger crisis as they run out of reserves and have high inflation.
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Russia appears to be falling into an economic crisis far more quickly than most had expected. However, a currency crisis is just the beginning of a bigger crisis as they run out of reserves and have high inflation.
Read more »
