Putting The Rouble Crisis Into Perspective

If we want to undestand how big the rouble collapse of 2014 has been, we may want to take a look at the past currency crisis

Here is a useful chart to understand how bad the rouble crisis of these days is:

(True Economics)

Yes, the World (and even Russia) has seen worse, but this is the most impressive downfall we have seen since the beginning of the crisis, and note that most of these currency crises corresponded to a default.

Will Russia manage to save itself ?