Russia Defends Ruble With Biggest Rate Rise Since 1998


Business | 206758 hits | Dec 16 9:15 am | Posted by: N_Fiddledog
3 Comment

Russia took its biggest step yet to shore up the ruble and defuse the currency crisis threatening its stricken economy.

Comments

  1. by avatar DrCaleb
    Tue Dec 16, 2014 7:08 pm
    At 85 Rouble to the US Dollar now, I think he failed. Schadenfrued. :)

  2. by avatar xerxes
    Tue Dec 16, 2014 7:10 pm
    Yeah total fail. The interest rate could be 50% and it wouldn't matter. No one wants the Ruble, especially in Russia.

    Hope Crimea was worth it Vlad.

  3. by avatar DrCaleb
    Tue Dec 16, 2014 7:12 pm
    "xerxes" said

    Hope Crimea was worth it Vlad.


    Ukraine will buy it back in 3 years for 3 rolls of toilet paper and a pair of Levis.



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