[Mick]

Apparently, the value of the ruble (rouble) has fallen like a rock, dropping 8.5% on Wednesday and 35% since August, much faster than expected.

Kremlin tries to reassure panicking Russians over collapsing rouble

Interest rates are currently 21% in Russia (highest in two decades) and the Russian Central Bank intends to respond to the fall by increasing interest rates to 25%. They have suspended currency trading until 2025 amidst a rising sense of dread.

[Mick]

Apparently, the value of the ruble (rouble) has fallen like a rock, dropping 8.5% on Wednesday and 35% since August, much faster than expected.

Kremlin tries to reassure panicking Russians over collapsing rouble

Interest rates are currently 21% in Russia (highest in two decades) and the Russian Central Bank intends to respond to the fall by increasing interest rates to 25%. They have suspended currency trading until 2025 amidst a rising sense of dread.