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‘Mise-ruble?’ Russia’s currency hits 5-year low

Posted on 28 January 2014

The ruble has taken a spectacular dive in 2014, so far this year losing about 10 percent. However, the Central Bank and government think the volatility isn’t a concern, adding that the currency is poised to fall further.
On Monday the euro reached a historical high of 47.64, with the dollar close to 35, according to the data from the Central Bank of Russia (CBR). High volatility has sent the ruble against the euro-dollar basket to lows that were last seen in February 2009………………………………………..Full Article: Source


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