Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era.
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Russian central bank lifts interest rates to 20% as ruble plunges over Western sanctionsThe Central Bank of Russia on Monday hiked interest rates to 20%, as the country faces increased global sanctions over the invasion of Ukraine.
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Ukrainian Forces Retain Control of Kyiv; Russian Ruble Plunges as Sanctions MountElsewhere, sanctions against Russian officials and entities continue to pile up as antiwar protests break out across the globe.
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Russian ruble plunges nearly 30% against the dollar amid sanctions over Ukraine invasionThe Russian ruble dived around 29% against the dollar on Monday morning, as markets digested the effects of sanctions on Russia amid its invasion of Ukraine.
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Russia’s Ruble, Financial Markets Are Hammered by SanctionsPowerful Western sanctions rocked Russia’s financial system and triggered a spiral in the ruble, drawing the central bank into an emergency doubling of interest rates.
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Ruble-Denominated Bitcoin Volumes Surges to 9-Month HighBitcoin-ruble trading volumes surged as the West's sanctions on Moscow triggered a flight to safety away from the ruble. reports godbole17
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