Russian rouble sinks, Kremlin blames loose monetary policy (www.reuters.com)

submitted 1 year ago by girlfreddy@lemmy.ca to c/news@beehaw.org

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The rouble has lost around a quarter of its value against the dollar since Putin sent troops into Ukraine in February 2022, as Western sanctions shrink Russia's balance of trade and military spending soars.

It hit 101.7475 per U.S. dollar on Monday, its weakest point in almost 17 months and 30% down so far this year. Based on the cross rate , the year-to-date fall was 26.2%.

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[-] InvertedParallax@lemm.ee 10 points 1 year ago

Yes, and loose humanitarian policy, like sending boys into machine gun fire.

this post was submitted on 14 Aug 2023

33 points (100.0% liked)

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