07.10.2014 - Roublecoaster continues for Russian currency
The Russian rouble hit a new all-time low against the dollar on Monday morning as traders dumped the currency. It has been under heavy selling pressure for months through sanctions, the crisis in Ukraine. and weak prices for its two main exports, commodities and oil. Despite this Moscow moved on Monday to close down its network of stand-alone money exchanges or force them to join a bank. The exchanges have been around since the fall of Communism, and their removal say analysts points to the increasing maturity and normalisation of the Russian banking market...............................................Full Article: Source
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