Mon, Mar 2, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Currencies more

Moscow currency traders run short as rouble weakens

Posted on 04 March 2014

The rouble began weakening after the Russian parliament approved Vladimir Putin’s request to deploy the military in Ukraine. As the rouble plunged and Russian stock markets crashed Monday amid fears of war, traders on the streets of Moscow were running out of foreign currency.
“There were enormous queues Monday after Putin announced there might be war with Ukraine,” said Benjamin, who was working at an exchange point and declined to give his surname. “We have no euros and only a few dollars.” The value of the Russian rouble, which has dropped steadily this year, fell sharply Monday to historic lows………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39433 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031