Russian ruble at its slowest level
According to the Associated Press Russian ruble has hit another historic low against the dollar.
The slump of the ruble is due to the falling prices of oil because of the oversupply of crude oil on world markets.
The ruble traded above 84.9 to the dollar in Moscow at midday on Thursday, a fall of more than 2 percent which beat the previous low of 82.4 to the dollar set in trading Wednesday evening.
The ruble later recovered slightly to 84.2.
The decline of oil process has been a serious blow to Russia's oil-dependent economy.
The ruble's new lows this week proceed from the lifting of international sanctions against Iran, which increases the supply of oil on global markets.
According to IMF Russia's economy will contract by 1 percent in 2016 following a fall of 3.7 percent last year, before returning to 1 percent growth next year.
Another major ex-Soviet oil producer In the Central Asian nation of Kazakhstan, the tenge fell to a record 383.23 against the dollar Thursday proceeded from low energy prices.