Tag: foreign-currency
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Russia’s ruble is still worth less than a penny, and the Kremlin’s piggy bank for propping it up is running low
The ruble has come off its lows from earlier in the week after the central bank halted all foreign currency...
Russian central bank takes desperate stand to halt collapsing ruble and fierce inflation
In a bid to stave off red-hot inflation, Russia's central bank halted all foreign currency purchases for the remainder of...
US Sanctions Hit Ruble as Russia’s FX Sources Are Drying Up
(Bloomberg) -- Fresh US sanctions against Russian banks have caused a further slide in the ruble, putting at risk some...