KIEV, Ukraine — Russia’s currency plummeted to new lows on Monday, falling more than 6% to almost 54 rubles to the dollar before recovering slightly to around 52 by evening.
The ruble is now down about 42% against the dollar this year, making it the second-worst performing currency in the world behind Ukraine’s hryvnia
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The drop on Monday marked the ruble’s worst one-day plunge since the Russian financial crisis of 1998, when the country defaulted on its debt. The struggling economy prompted more than 5,000 Russians in Moscow on Sunday to protest against …read more
Source: Mashable
