Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Russia’s ruble plunges to historic low against euro
http://www.rawstory.com/rs/2014/10/russias-ruble-plunges-to-historic-low-against-euro/
Russia’s ruble plunges to historic low against euro
Agence France-Presse
13 Oct 2014
Russia’s ruble on Monday slumped to a new all-time low against the euro as the spillover from the Ukraine crisis and falling oil prices pummelled the economy.
The ruble slumped to 51.27 to the euro, breaking through a previous low seen in March in the wake of Moscow’s annexation of the Black Sea peninsula of Crimea from Ukraine.
The national currency also dropped against the dollar to a rate of 40.42, according to the Moscow Exchange, scudding along beneath the psychologically important mark of 40 to the dollar that it broke through last week.
The fresh slump came after Russia’s central bank chief Elvira Nabiullina said the regulator had pumped some $6 billion into propping up the currency over the past ten days.