LATEST NEWS : There It Goes Again — Russian Ruble Falls To New Record Lows

The Russian central bank has been forced to intervene once more in currency markets by using foreign exchange reserves to purchase rubles as the currency continued its slide. The ruble has fallen about 20% since January. Elvira Nabiullina, head of the bank, acknowledged earlier this month that if markets turned against the ruble it would not “be able to restrain them” but is nevertheless compelled to act to protect Russian businesses from the impact of sharp falls.

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