Russia’s Ruble Continues Its Collapse; Prices Begin to Increase
(MOSCOW) — Russia’s currency on Monday suffered one of its worst — if not the worst — day since Vladimir Putin became president nearly 15 years ago.
The ruble has lost nearly half of its value from a year ago, and with its decline has come rapid inflation.
Over dinner, waiters changed wine prices in the middle of the meal, and some shops have set prices pegged to a stable currency like the dollar or Euro.
The government has reminded busineses that that’s illegal, but the alternative — changing pricetags every minute — is practically impossible.
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