Russian cash has already fled the country

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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 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.

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