While that’s improved from Wednesday’s rate of 114 on the spot market, that still means one ruble is worth less than a penny.

The ruble remains one of many marginal currencies—occasionally sanctioned, constantly fluctuating, and rarely circulating outside trade alliances—issued by autocrats hoping to retain the ...

The ruble has jumped 45% against the dollar since January, with one dollar worth 53.45 rubles as of Tuesday. "It's an unusual situation," said Jeffrey Frankel, professor of capital formation and ...

On Monday, the Russian currency passed 101 rubles to the dollar, part of a slide that began in January and which has erased about one-third of the ruble's value since then. The plunge also marks a ...

The fall in the ruble’s value is one of several negative indicators for the Russian economy, even as President Vladimir Putin insists that Western sanctions are having a limited effect.

From June 18 to 20, the official exchange rate fell from 89 to 82.6 rubles per dollar, then rose to 85.4 rubles in one day. Over the past month, the official ruble exchange rate even strengthened ...

In 1839, the government had to devaluate its currency and replace paper assignats with new “credit rubles,” but the Crimean War (1853-1856) — one of Russia’s few lost conflicts — erased ...

The ruble’s value has now risen for three months in a row, making it one of the world’s fastest-growing currencies. But how long this rally will last is unclear — and the exchange rate is approaching ...