Russian Ruble Plunges to 15-Month Low After Failed Mutiny
TL;DR
The Russian ruble has weakened further against the US dollar, falling to around 91 per dollar and surpassing its optimal value range, following the failed mutiny attempt by Wagner mercenaries. The ruble has been one of the worst-performing currencies in 2023, declining 21% since January due to sanctions and economic challenges resulting from Russia's invasion of Ukraine. Retail deposits held in other currencies have increased, and the Kremlin has turned to China's yuan to compensate for falling energy revenues.
- The Russian ruble just blew through its 'comfort zone' as the currency weakens in the aftermath of failed mutiny Yahoo Finance
- The ruble weakens following attempted coup in Russia Pittsburgh Post-Gazette
- Ruble Retreat: Failed rebellion sends Russian currency into tailspin WION
- Volatile Russian ruble extends post-mutiny slump to fall to more than 15-month low The Globe and Mail
- Mutiny Aftermath Jolts Ruble as $43.5 Billion Outflow Takes Toll Yahoo Finance
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