Russia- Feb 19

Russian's ruble has plunged 19 percent over the past few months.  The governor of Russia’s central bank, Elvira S. Nabiullina, has adopted a new currency policy to lower the interest rates to keep banks afloat. However, this new policy was not received well as panicky signs of an economic crisis were taking shape on the streets. Although the lower interest rate will keep banks afloat, it will sacrifice the ruble. The decision to let the ruble fall for the sake of other economic goals is an emerging concern for the Russian public. Source: NY Times