Russia's War Against Ukraine
OP-ED
Vladislav Inozemtsev: The ruble’s senseless and harmful devaluation
Members of a social network group \"I Really Like Putin\" carry a one -thousand ruble banknote in Moscow on August 18, 2011, during their action in support of Russia's currency.
The exchange rate for the Russian currency recently dropped to 41 rubles to the dollar, with no change in that trend expected. And although the weakening of the ruble might stem in part from a stronger dollar that forced down the Japanese yen by 7.6 percent, the euro by 8.1 percent and the Brazilian real by 11.5 percent, the ruble dropped by close to 20 percent -- a record decline among all major currencies.
