Russian Ruble

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Russian Ruble

The currency of Russia. It was issued in 1998, replacing the Soviet ruble (which was also called the Russian ruble after the fall of the Soviet Union). Despite the issue of a new currency, it lost 70% of its value against the U.S. dollar in six weeks as a result of the Russian financial crisis. It is a floating currency.
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The search giant also reportedly found another $53,000 worth of ads with political material that were purchased from Russian IP addresses with and paid for with Russian currency, though it it was not confirmed to be associated directly to the Russian government-backed efforts.
He added that Dubai was adjusting its offering to try to lessen Russian currency challenges and lure Russians back to the emirate.
He joked several times that Trump's tax returns might uncover assets held in Russian currency, and that Bush administration officials would have been fired or perhaps even sent to jail if they had taken some of Trump's actions.
The Russian currency has suffered greatly over the past two years, taking consecutive blows from imposed sanctions over the Ukrainian crisis, and especially from the collapse of oil prices.
One result has been a dive in the Russian currency which has made foreign holidays, including in Turkey, much more expensive.
However, accelerating economic tension and the weakening Russian currency negatively impacted the development of the channel.
Oil quotes have become one of the key leading global indicators, but according to Mr Pantyushin the normal level of correlation with the Russian currency should be lower no more than 30-40%.
be contributed to multiple factors includ- ing the Russian currency devaluation, while ISIL is slowing down the tourism coming out of the US and Europe to parts of the Middle East.
At the same time, despite opposition of the Ukrainian government, the Donbass militias are planning to organize their own elections in October and demonstratively introduce Russian currency in the region.
Objectively, this led to the drop in the exchange rate of the Russian currency and other neighboring markets are facing very serious problems with the financial and banking stabilityEe", he said in a statement.
The Russian currency is seemingly making a comeback, gaining 94 kopecks against the US dollar to 69.

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