Russian Ruble Surges, Becoming World’s Best-Performing Currency – The Moscow Times
The Russian ruble was bolstered to US dollars at 82.3 on Wednesday, making it the world’s best performing currency, and even the traditional safe haven of gold. Data compiled by Bloomberg shows that since the beginning of this year, the ruble has bolstered 38% against the dollar in the commercial market show. According to the […]
Russia's ruble is still worth less than a penny, and the Kremlin's piggy bank for propping it up is running low – Fortune
The ruble has bounced back from its lows earlier in the week after the central bank halted all foreign currency purchases for the rest of the year, but remains in tatters and with dwindling resources to prevent further collapse. On Friday, the central bank set the official rate at about $108 to the dollar. That's […]
Russia tries to stem panic over the plummeting ruble, as the central bank is forced to intervene – CNBC
Aerial view of Moscow Kremlin landmarks: St. Basil's Cathedral, Kremlin, Spasskaya Tower, Red Square Sergei Alimov | Moments | Getty Images Russian authorities are trying to contain panic over this week's plunge in the ruble, forcing the central bank to intervene on Wednesday to support the ruble. of ruble It fell to $114 against the […]