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Putin Reaches Back to Soviet Crash Veteran to Tether Ruble

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The man Vladimir Putin is relying on to end the deepest currency crisis of his presidency has seen worse.

As deputy head of the central bank after the Soviet Union fell in 1991, Dmitry Tulin, then in his mid-30s, had to help organize the rollout of a dozen new currencies against the backdrop of runaway price growth across the former communist empire. Now 58, Tulin is back at Bank of Russia, this time to craft monetary policy as the ruble’s biggest retreat in 17 years shakes the foundations of a shrinking economy.