Dollar at 70, the Ruble is Looking for A New Bottom

By the end of the year, the ruble crawled to a state about which it is customary to say this: more likely dead than alive. The day before, on Thursday, the exchange rate of the national Russian currency to the dollar sank to the ruble (to 69.74), to the euro – to 1.8 (to 79.8). Undercut our national currency cheapening oil: from October – minus 40% of the cost. Finished – peak payments of banks and companies on external debt.

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