InfoAfrik.com

Reliable Africa & Global News…

Rouble falls to 16-month low against dollar as Russian exports collapse

High spending on war in Ukraine and drop in export revenues put further pressure on Russia’s economy

The rouble has fallen to its weakest point in almost 17 months as a collapse in export revenues and growing military spending increase pressure on Russia’s economy.

The currency, which has been steadily losing value in a long fall since the beginning of the year, slid past the psychologically important level of 100 to the dollar on Monday morning.

Continue reading…

About Author

Subscribe To Our Newsletter