Weakening Russian Ruble (RUB) and Rising Inflation

Increase Interest Rates and Capital Restrictions? Impact on the Population.

Dear Subscribers,

“Barbershop Whispers….Russia” begins with “My Takeaways”on the main topic followed by the main topic discussion. The last two sections of “Barbershop Whispers…Russia” will be follow-ups from previous publications and emerging events.

In the previous issue, I discussed the Central Bank of Russia’s (CBR) frozen foreign reserves, the economy, and the weakening RUB. As expected, the RUB breached the psychological barrier of RUB100/USD this past week.

This issue will focus on the CBR’s action to stabilize the RUB, curb inflation, and the impact inflation and RUB weakness is having on the average citizen.