Russia’s central bank to hold extraordinary meeting after rouble falls to 16-month low
theguardian.com
Bank will discuss interest rate after high spending on war in Ukraine and drop in export revenues put further pressure on Russia’s economy.
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1 dollar is about 98 rubles at the moment.
When I visited Russia like 15 years ago, it was 1 dollar to 33 rubles. Although shortly after I visited it went to 66 rubles.
That’s a pretty significant drop in value.
Don't know what you did there but you should visit it again.
College roommates we’re from there I went with them and stayed with their family.
In the same timeframe, most wages not significantly changed, a big cup of fast noodles went from 20 to 100 roubles, bread 10-15 to 50+, simple 0,5L of bottled water gone 50 from 15. Hoping it would bounce back from 100 to 90-something is kinda ridiculous, especially as these drops were all self-inflicted and it was easy not to cause them in the first place. I don't understand how you as a brief visitor could observe these dramatic changes in time, but locals around me can't or don't have a problem with it.
Well, I used to work in banking and was studying international business in grad school around the time I was there. So I think it’s just the kind of stuff I was exposed to.