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in Economy

Russian ruble slumps to near 17-month low, moves past 100 against the dollar

by Editor August 14, 2023, 9:13 am 1.7k Views

This pool image distributed by Sputnik agency shows Russian President Vladimir Putin meeting with the Tver region governor at the Kremlin in Moscow on August 9, 2023.

Mikhail Klimentyev | AFP | Getty Images

The Russian ruble slid past 100 to the U.S. dollar on Monday, nearing a 17-month low as President Vladimir Putin’s economic advisor blamed loose monetary policy for the rapid depreciation.

The ruble has lost around 30% against the…

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