Currency Note Worldwide

The Rouble is the worst performing currency in the world

By Ricky Bean August 20th, 2015

The Russian Rouble faced continuing weakness on Wednesday as wages and retail sales nosedive by 9.2% – the biggest drop in domestic demand under Vladimir Putin. This apparent drop in consumer spending leaves Russia even more vulnerable, considering 30% drop in oil exports announced in June.

The Rouble has been the worst performing currency, globally, in the last three months; falling 25% in this time, and raising concerns of reignited inflation and a reduction in Russia’s purchasing power. Although the inflation fell from a 13 year high in March, it still currently sits at around 15.6%; with the renewed fall in oil prices over the past month. It is reported by ‘Moody’s Investors Service’ that the worst of the recession may well be still to come.

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