I don't think devaluation wiped savings per se. It was inflation that preceeded it. When the ruble was devalued in 1998 it caused a huge dip on US stock exchange (see Dow Jones Index).
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I don't think devaluation wiped savings per se. It was inflation that preceeded it. When the ruble was devalued in 1998 it caused a huge dip on US stock exchange (see Dow Jones Index).
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