The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback -- its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil by Western countries. Russ Mould said a strengthening U.S. dollar could be the reason why the Russian […]
Russian Ruble Plunges to 16-Month Low vs the US Dollar -- Experts Cite Oil Price Cap
Bitcoin.com - 15 Aug 2023 21:30
The Russian currency’s exchange rate versus the U.S. dollar recently dropped below RUB100 per greenback -- its lowest in 16 months. Economists attribute the ruble’s latest plunge to the effectiveness of a price cap imposed on Russian oil by Western countries. Russ Mould said a strengthening U.S. dollar could be the reason why the Russian […]
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