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Russia's ruble has tumbled. What does it mean for the wartime economy?

The Russian ruble has fallen a long way in recent months, and the country's central bank is stepping in to halt the slide

By DAVID McHUGH
Published - Aug 15, 2023, 09:15 AM ET
Last Updated - Aug 15, 2023, 09:15 AM EDT

Russia's ruble has fallen a long way in recent months, and the country’s central bank has stepped in to try to halt the slide.

Until now, the government stood aside as the declining ruble helped its budget. But a weaker currency also poses the threat of higher prices for everyday people in Russia — and the government has finally moved to halt the drop.

Here are key things to know about the ruble:

WHY IS THE RUBLE FALLING?
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