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Russian rouble collapse exposes deep problems in the country’s economy

By Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University

The Russian rouble dropped to 110 against the US dollar on November 27, its lowest level since the start of the war in Ukraine. It has since rallied slightly, but the rouble is still down by 8% against the dollar over the past month. This is not a one-off event; it is part of a developing crisis that is affecting Russia’s economy.

Russia’s currency has been highly…

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