People wait to exchange currency near a sign advertising currency exchange rates at an exchange office in Moscow, Russia, Tuesday, Dec. 16, 2014. The Russian ruble came under intense selling pressure Tuesday, falling at one point by a catastrophic 20 percent to a new historic low despite a massive pre-dawn interest rate hike from Russia’s Central Bank. Russian officials were clearly rattled even though state television urged citizens not to panic. The top two figures indicate the spread on the dollar-ruble rate and the middle two figures indicate the euro-ruble rate, with the third showing the spread on …read more
Source: KXAN
