WorldViews: Russians take rapidly falling ruble in stride

By Karoun Demirjian, December 16, 2014

Even if they weren’t watching the ruble’s afternoon free fall Tuesday, Muscovites are well aware that the value of their currency is falling.The evidence is on nearly every street corner, on the signs outside banks and currency counters advertising ever-higher exchange rates for the dollar and euro. It’s in every supermarket and restaurant, where prices have been inching up for weeks, trying to keep pace with the ruble’s devaluation. And even Russia’s state-funded TV channels are treating the financial nosedive like it’s the start of a crisis.Read full article >>