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6%  
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  • Russia's ruble hits its lowest level since early in the war. The central bank plans to step in

    08/16/2023 1:50:23 PM PDT · by Mariner · 25 replies
    AP via Yahoo ^ | August 16th, 2023 | EMMA BURROWS
    LONDON (AP) — The Russian ruble on Monday reached its lowest value since the early weeks of the war in Ukraine as Moscow increases military spending and Western sanctions weigh on its energy exports.It led Russia's central bank to announce an emergency meeting for Tuesday to review its key interest rate, raising the likelihood of an increase in borrowing costs that would support the flagging ruble.The Russian currency had passed 101 rubles to the dollar, continuing a more than one-third decline in its value since the beginning of the year and hitting the lowest level in almost 17 months. The...