Tag: russia

November 05, 2014 BY Mike Fox

Russia may ban circulation of US dollar

The State Duma has already been submitted a relevant bill banning and terminating the circulation of USD in Russia, APA’s Moscow correspondent reports. If the bill is approved, Russian citizens will have to close their dollar accounts in Russian banks within a year and exchange their dollars in cash to Russian ruble or other countries’…

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September 02, 2014 BY Mike Fox

Russia's currency has now hit all time lows

While the Ruble is breaching government mandated price controls; Russian Central Bank heads are still keen to proceed with plans to remove currency controls which analysts say in the long run with be net positive for the Russian economy

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