The Russian ruble’s tumultuous history

January 6, 2015 9:39 AM

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The Russian ruble’s tumultuous history

The dramatic fall of the Russian ruble made headlines in December. The violent gyrations in the ruble are not a new phenomenon, but are quite characteristic of the country’s financial history.

On December 15 and 16, the ruble took a 22 percent dive, which prompted a run on the Russian national currency.

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