The Rouble is achieving stability in the past couple days, probably due to the more stable oil prices and government intervention. As inflation moves higher there will be more moves and interventions by the government to stabilize the economy
Below is some commentary from various sources outlining events regarding the Russian currency and effects of its moves within Russia
Thu, 15 Jan 2015 17:30:32 GMT
Business RecorderRPT-UPDATE 2-Russian rouble firms as oil rallies, Kremlin ups verbal supportReuters(Repeats to wider addresses). By Alexander Winning and Darya Korsunskaya. MOSCOW Jan 15 (Reuters) - The rouble firmed on Thursday, tracking the perfor ...Read more ...
Russian rouble stronger at market opening - Economic Times
Fri, 16 Jan 2015 07:33:21 GMT
Russian rouble stronger at market openingEconomic TimesMOSCOW: The Russian rouble firmed at market opening on Friday, supported by stable oil prices. At 0706 GMT, the rouble was 0.4 percent stronger against the dollar at 65.04 and 0.1 percent firmer ...
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Russia reveals huge cost of supporting the rouble - BBC News
Mon, 12 Jan 2015 15:24:23 GMT
BBC NewsRussia reveals huge cost of supporting the roubleBBC NewsThe Russian central bank has revealed the huge cost of trying to prop up the value of the rouble. In the past year, the bank spent $76bn and 5.4bn euros as it repeatedly bought roubles ... Read more ...
Central Asian migrants flee suspicious Russians as rouble sinks - Irish Times
Thu, 15 Jan 2015 01:03:45 GMT
Central Asian migrants flee suspicious Russians as rouble sinksIrish TimesOver the past few weeks Russia has been seeing a mass exodus of migrant workers dismayed by the onset of what promises to be a deep economic recession and the collapse of the r ...
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