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More about Us, World, Russia, Currency, and Crisis
from MashableChristopher Miller
MOSCOW— Vladimir Putin woke up this morning to a piece of good news and a piece of bad news
The good news? Russians had named their president Man of the Year for the fifteenth year in a row. The bad news? The country’s currency, the ruble, had continued its downward spiral, hitting its lowest level since the beginning of the year. At 3:13 p.m. local time, a ruble was worth less than one euro cent, according to Moscow Exchange data
The ruble's drop on Monday marked its worst one-day plunge since the Russian financial crisis of 1998, when the country defaulted on its debt; its continued slide on Tuesday, made it the worst performing currency in the world in 2014, even surpassing the Ukrainian hryvnia. Read more...
More about Us, World, Russia, Currency, and Crisis
from MashableChristopher Miller
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