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Tanking Ruble Hits Russian Tourists, Thai Hotels

Russia’s plunging currency is creating serious concerns for Thailand’s multi-billion dollar tourism industry, already suffering for the past year because of political upheaval that culminated in the May 22 bloodless military coup. With the ruble crashing to record lows against the U.S. dollar and other currencies, Russians are cutting back on spending, including overseas travel. That cutback is being felt in places like the beach resort city of Pattaya, on the east coast of the Gulf of...

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