Kremlin blames loose monetary policy as rouble slides past 101 vs dollar.

Tazmanian@lemmy.world to World News@lemmy.world – 147 points –
Kremlin blames loose monetary policy as rouble slides past 101 vs dollar
reuters.com

President Vladimir Putin's economic adviser rebuked the central bank on Monday as the rouble slid past 101 per U.S. dollar, blaming its 30% year-to-date slump on loose monetary policy and revealing growing discord among Russia's monetary authorities.

20

You are viewing a single comment

Seems like sanctions are working after all - I wonder why so many people always tried to tell a different story?

Nooo they dont work but please stop the sanctions even though they totally dont work

Love, Ivan Conscriptovich

Well they do have a lot of their own gas and oil, and everyone knows that gas and oil can be used to run an entire economy with no other inputs.

1 more...