Russia scrambles to contain ruble crash with central bank intervention

Russia’s economy is taking punches it can’t dodge, with the ruble nosediving to its lowest point in over two years. On Wednesday, the currency crashed to 114 against the U.S. dollar—levels unseen since the early days of Moscow’s invasion of Ukraine. In a desperate move, the Central Bank of Russia (CBR) intervened, halting all foreign

Source: Cryptopolitan