Tag: effect of end of Iranian sanctions on Russia’s economy

Russia Update: Ruble Value Falls To 63/$1 After Central Bank Halts Foreign Currency Buys

August 3, 2015

Following the lowering of the key rate to 11% by Russia’s Central Bank, and with Brent crude continuing to fall, the value of the ruble fell to 63 to the dollar and had only slightly rallied at midday. Welcome to our column, Russia Update, where we will be closely following day-to-day developments in Russia, including […]