| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Russian Government Warns Against Panic As National Currency Plummets Toward Collapse
J. D. Heyes
(NaturalNews) A combination of aggressive Russian military actions, falling oil prices and sanctions by Europe and the United States may be having a dramatic effect on the nation’s currency, as authorities worked to calm fears last week when the embattled ruble fell to record lows.
In recent days, the Russian currency fell to 38.82 rubles per dollar, just days after weakening to below 38 rubles to the dollar for the first time. In addition, the currency broke through the “symbolic level of 50 rubles per euro for the first time in several months,” Agence France-Presse (AFP) reported.
Russia’s currency has begun to tank as investors’ worries over the impact of even tougher Western sanctions against Moscow are being considered over Russia’s military intervention in Crimea and Ukraine. Already, the Russian economy is edging toward recession, AFP reported, adding:
Ordinary Russians said they were concerned that a weaker ruble would drive up inflation and make foreign trips and foreign currency-denominated purchases an increasingly unaffordable luxury.
Alexei Moiseyev, Russia’s deputy finance minister, tried to reassure the public, saying the government was taking measures to cut inflation.
“Don’t panic,” he advised.
Actually, do panic
At this writing, the ruble was still worth a bit more than it was at its lowest last spring, when it was 50.22 rubles per euro following Moscow’s annexation of the Crimea in March. The annexation is a violation of a 1994 agreement between Russia and the U.S. to never use military force against Ukraine, in exchange for the latter’s surrender of thousands of Soviet-era nuclear weapons following the collapse of the U.S.S.R.
Since the beginning of September, the dollar has risen 1.7 rubles.
Dear stupid, the ruble was around .32 a year ago, today its spot price is 39.9381
http://www.bloomberg.com/quote/USDRUB:CUR
Do you get paid to lie or are you just that stupid??
dank you very much!
This Idiot also said “Moscow’s annexation of the Crimea in March”
Monday 17 March 2014
Crimea referendum: 96.8% vote to join Russia
Crimea’s regional parliament has declared independence and applied to become part of the Russian Federation, a day after people in the Black Sea peninsula voted overwhelmingly to leave Ukraine in a referendum.
The parliament “made a proposal to the Russian Federation to admit the Republic of Crimea as a new subject with the status of a republic”.
Final results showed that 96.8% of voters were in favour of joining Russia, the head of the referendum commission said. Mikhail Malyshev told a televised news conference that the commission had not registered a single complaint about the vote.
Don’t mess with the USA. Economic punks.
Stay tuff Russia…don’t give in to the corruption of the US!!