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Putin's officials scramble to keep ruble from collapsing

Por: Newsweek World August 15, 2023

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Russia's Central Bank has hiked interest rates at its first emergency meeting since the start of Moscow's full-scale invasion of Ukraine, after the ruble plummeted against the dollar.The bank's decision on Tuesday to increase interest rates from 8.5 percent to 12 percent was higher than the 10 percent per annum that most analysts had expected and followed the ruble sliding past 100 to the U.S. dollar the day before.Before the... + full article



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