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Tuesday, December 16, 2014

The Russian Currency Rubel latest reached the lowest value

The Russian Currency Rubel latest reached the lowest value


Drop in the value of the ruble, among others, due to the decline in world oil prices and the Western sanctions on Russia.

Rubel currency fell again and hit a record low against the dollar United States and the euro, Tuesday, December 16, 2014.

Yesterday the ruble reached the lowest value at 60 rubles to US $ 1 even though the Russian Central Bank to intervene to maintain stability.
To prevent further decline, the Central Bank has raised interest rates, from 10.5% to 17%.

Throughout this year, the ruble has lost 50% of its value, among others, due to the fall in world oil prices and the West over the country's witness -related to the conflict in Ukraine east-start hitting the Russian economy.
Last week the central bank has raised interest rates by 1% but in fact the impact is not much.

After the interest rate was raised to 17%, nilari rubles had improved from 67 rubles per US $ 1 to 58 rubles, but then fell again today to 63 rubles uhtuk one dollar.

Government of Moscow before the economy will fall into recession in 2015 with shrink 0.8% in 2015, having previously forecast to grow 1.2%.

In Jakarta, the Indonesian Minister for Economic Affairs, Sofyan Djalil, said the decline in the exchange rate -which 1998-the lowest since the financial crisis caused by external factors, including a decline in the value of the ruble this.(BBC)

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