Time to go Russia?

[DealuxTravel]

Time to go Russia?

The russian rouble has fallen to less than 80 per US Dollar, with a the steepest drop of 20% happening in a matter of hours despite the central bank intervention of raising interest rate from 10.5% to 17%.

This was also due to western sanctions and Brent Crude oil prices falling to less than USD$60 a barrel which may plunge Russia into recession for 2015.

Rouble 'Critical' After Hitting All-Time Low


Russian Luxury Hotel prices have also dropped significantly whereby it has become much more affordable to visit Moscow and other cities.


Moscow luxury hotel rates - Loyalty Traveler

For your next travel plans, Russia may be worth a consideration and you will be supporting their economy too.

 

[hawkwind]

There will be rioting in the streets if Putin cannot stem the fall of the rubble

 

[g_t2006]

It's too cold now. And will the Roubles be still low come April?

 

[hawkwind]

It's too cold now. And will the Roubles be still low come April?

The ruble may not exist as a currency the way things are going lol. But likely it will stay low as long as oil remains low. Follow the oil.

 

[punggolkid]

There will be rioting in the streets if Putin cannot stem the fall of the rubble

"Rubble" indeed.