Russian Rouble hits all time low
It may already be too late for Russia’s Central Bank to regain control. The collapse of the ruble has prompted a flight of capital as investors and savers in Russia seek shelter outside the country’s borders.
A CNBC.com analysis of money flows monitored by the Russian Central Bank shows that large cash hoards have already left the country. Nations in the ex-Soviet Commonwealth of Independent States (CIS) have been disproportionate recipients of those funds. Ukraine is also a major destination for Russian cash.