Rouble falls record low against the dollar

Updated Wednesday 3 December 2014 13:40

Rouble is the Russian currency and has lost its value to over 30% before the county's Central Bank came in to help. This happened in just a day and is an indication that the sanctions from US and EU is really hitting hard on their economy which is set to shrink by 0.8%. Now I know you came here looking for entertainment. There is one information useful to Nigeria and all other countries dependent on oil revenue. Falling oil prices is responsible for the depreciation of the rouble too. Change your money to US dollars if you are going to do business in as any foreign currency. It's the most consistent for now. Nigerian Naira is also falling in value

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