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Rouble continues slide after currency floated

Moscow trying to avert repeat of 1998 crash, sets focus on fighting inflation

Published Tue, Nov 11, 2014 · 09:50 PM

Moscow

THE rouble resumed its dramatic slide on Tuesday, a day after the Russian central bank floated the currency that has been driven sharply lower by falling oil prices and economic sanctions imposed over Russia's policy in Ukraine.

Stability for the currency is one of the main achievements of President Vladimir Putin's 14-year rule, and its slide has revived memories of the currency collapse that shut banks and wiped out the savings of Russians a year before he took power.

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