Russian central bank calls emergency meeting after ruble plunge

Vladimir Putin’s streak of good fortune seems to be fading, with the ruble’s value plummeting below the one-cent mark against the U.S. dollar. This marks the lowest point since the outset of his involvement in the conflict in Ukraine.

The Russian leader, who recently confronted a coup attempt in June, had previously touted the robustness of his currency in the face of sanctions, using it as a propaganda tool to portray Western economic retaliations as ineffective.

After over 500 days since his military intervention in Ukraine, it appears that the esteemed governor of Moscow’s central bank, Elvira Nabiullina, can no longer conjure up miracles to prop up the ruble for her superior, Yahoo Finance reports.

READ MORE: https://finance.yahoo.com/news/russian-ruble-now-worth-less-140326750.html

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley