Ruble sinks 26% after SWIFT sanctions against Russian banks

The ruble plunged to a record low of less than 1 US cent in value Monday after Russia was cut off from the global bank payments system in retaliation for Moscow's invasion of Ukraine. The Russian currency dropped nearly 26% to 105.27 per dollar, down from about 84 per dollar late Friday.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
https://ift.tt/CIxpQXB