Paige Reynolds | Contributing Writer Yesterday was quite the balls-up for the poor, sharply declining Russian rouble. Luckily the panic has not yet spread to the streets and although there were some suspiciously long queues outside the banks around the centre of Moscow, I have yet to witness riots or Soviet-style bread queues. All seems quiet on the Eastern Front, as it were. Over the past week, the rouble has devalued rapidly and it seems the old proverb, prevention is better than the cure, escaped Elvira Nabiullina, the head of the Russian Central Bank. Overnight on Monday, in an attempt to save the depreciating rouble, … Continue reading A Russian Wrecking Ball
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