The ruble resumed its dramatic slide on Tuesday, a day after the Russian central bank floated the currency that has been driven sharply lower by falling oil prices and economic sanctions imposed over Russia’s policy in Ukraine.
Stability for the currency is one of the main achievements of President Vladimir Putin’s 14-year rule, and its slide has revived memories of the currency collapse that shut banks and wiped out the savings of Russians a year before he took power.
The currency has lost nearly 30 percent of its value against the dollar so far this year, most of that in the last …read more
Source: Voice of America
