December 26, 2014

THANKS, VLAD:

Russia empties the vault to prop up the ruble (Virginia Harrison, December 26, 2014, CNNMoney)

Russia's central bank is running down its stash of foreign cash to try to stop its currency from plunging and contain the crisis threatening its economy.

So far this year the central bank has burned through more than $110 billion in foreign currency supplies. That's more than a quarter of what it has in reserves right now.

Posted by at December 26, 2014 3:56 PM
  

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