Monthly Archives: December 2014

Russian Ruble Currency Crisis: What happened last 24 hours?

A crisis in the Russian Ruble erupts. In the last 24 hours, RUB plunges against US Dollar. The Bank of Russia hikes rates from 10.5% to 17%, the second time in a week. Various forex brokers stop USDRUB trading. In the meantime, Russian citizens rush to convert their plunging currency into physical assets.