You're reading: The Moscow Times: Ruble hits 100 against the Euro as currency collapse accelerates

The Russian currency crashed past 100 against the euro on Dec. 16, the latest milestone in a currency rout that has rapidly gained momentum despite a huge emergency rate hike from the Central Bank. One ruble became worth less than one euro cent at 3:13 p.m., according to data from the Moscow Exchange. At the same time, the Russian currency plummeted to 80.1 against the U.S. dollar. 

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