As an acrobat in one of Moscow’s circuses, Yuri Friyuk is an expert at gyrating without falling on his face. Lately, he’s worried about whether the rubles he’s paid with can be as deft.Plagued by the Western sanctions imposed over the Ukraine crisis and by falling oil prices, Russia’s economy is struggling and the ruble is taking a head-spinning drop, losing a third of its value since the beginning of the year and touching an all-time low last week.On Monday, the national central bank on Monday decided to freely float the currency and shield it more from speculators.The move, which …read more
Source: The Jakarta Post
