Search This Blog

Saturday, December 27, 2014

Russia empties the vault to prop up the ruble - Dec. 26, 2014

Russia's central bank is running down its stash of foreign cash to try to stop its currency from plunging and contain the crisis threatening its economy.

So far this year the central bank has burned through more than $110 billion in foreign currency supplies. That's more than a quarter of what it has in reserves right now.


Russia empties the vault to prop up the ruble - Dec. 26, 2014

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.