As Russian Ruble Surges Against The Dollar, Central Asia Reaps Windfall
As suited traders stare at their screens on global foreign currency markets, migrant workers from Central Asia are paying just as much attention in cities across Russia.With the US dollar tanking in value amid global market turmoil since the Trump administration unveiled a massive tariffs package, the Russian ruble has risen sharply. This means migrants in Russia are suddenly sending home much more money.“People wait months before sending money, hoping that the exchange rate will rise. As soon as it does, they run to the bank or send money on...