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Ruble plunges, authorities tell Russians not to panic

16 Sep – Russian authorities told people not to panic today as the battered ruble plunged to record lows, floored by tensions with the West over Ukraine, new sanctions and falling oil prices. The national currency fell to a record level of 38.82 rubles per dollar after weakening on Monday to below 38 against the dollar for the first time. And it broke through the symbolic level of 50 rubles per euro for the…

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