Kremlin blames loose monetary policy as rouble slides past 101 vs dollar
www.reuters.com
Rouble has lost 25% of its value since the war began.

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.

  • hh93@lemm.eeEnglish
    32·
    1 year ago

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

    • SaakoPaahtaa@lemmy.worldEnglish
      347·
      1 year ago

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

      Love, Ivan Conscriptovich

    • Echo Dot@feddit.ukEnglish
      1·
      1 year ago

      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.