“It’s official! The Ruble hit 1-cent”
The decline seems to be accelerating, and seems (to me) to be driven by fundamentals and the markets, rather than some policy.
I believe it has further to fall, when Russia’s financial reserves are depleted, and they have to step up printing of new rubles to cover their spending.
They can try to raise interest rates further to shore up their currency, but that would further depress their real economy as well.
RuZZian Boys are comical.