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    Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels

    • Post author:MiamiCrypto
    • Post published:April 9, 2022
    • Post category:Bank of Russia/Central Bank/coal/conflict/Crude Oil/cut rate/Donetsk/Economics/EU/Forex markets/gas/gold backed ruble/gold parity/gold ruble/Interest rate/Luhansk/Luis Saenz/OIL/Peace Talks/rouble/ruble/ruble crash/ruble falls/ruble gold/ruble lowest level/ruble plunges/Russia/Russia Ruble/russian sanctions/Sanctions/slashed rate/Ukraine/Vladimir Putin/War/Western Allies

    Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to…

    Continue ReadingRussia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels

    Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions

    • Post author:MiamiCrypto
    • Post published:February 28, 2022
    • Post category:Bank of Russia/Central Bank/Economics/rouble/ruble/ruble crash/ruble falls/ruble lowest level/ruble plunges/Russia/russia bank run/russian bank run/russian sanctions/Ukraine

    A bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There…

    Continue ReadingRussian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions
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