Pop Goes the Ruble

By 28.10.08 No Comments

Although Officials Claim that the Plight of the Ruble Is Exaggerated, Non Risk Takers Diversify Their Savings

Those who thought that the ruble’s powerful resurgence during Vladimir Putin’s presidency was too good to be true can now claim to have been right. As the exchange rate of the ruble to the dollar hits a two-year low, many prefer to go back to keeping their savings and conducting their financial transactions in dollars. The government, however, is attempting to persuade people that it’s too early to panic.