According to a Bloomberg report, the Russian finance ministry stepped in to buy rubles after the currency was crushed on Monday and Tuesday of this week,
with one US dollar buying as many as 80 rubles early Tuesday morning.
Just a few months ago, one dollar bought less than 40 rubles.
No roubles!$!
Shortly after taking the Treasury post, John Connally famously told a group of European finance ministers worried about the export of American inflation that the dollar "is our currency, but your problem."
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