Russia's Minister of Economic Development, Alexey Ulyukayev, said two weeks ago that the ruble would be less volatile in January. On Jan. 5, the first active trading day of the year following the long New Year's holiday in the US, the Russian currency weakened back into the 60s.
Forbes: Russia’s government wrong again on ruble
Russian Economy Minister Alexei Ulyukayev (C) speaks with journalists before a meeting of the State Council at the Kremlin in Moscow on Sept. 18, 2014.
