Much like other emerging markets, Eastern European and Central Asian (EECA ) economies—which include the nine CIS countries plus Ukraine, Georgia, and Turkmenistan—have been hit by the collapse in both external and domestic demand in the wake of the coronavirus disease 2019 (COVID-19) virus pandemic. EECA is heavily dependent on energy production for export revenues. This structural deficiency has only amplified the blow from the pandemic to the regional economies and their currencies. Mixed bag of FX news The Belarusian rouble has been the worst performing currency this year so far, closely followed by the Russian ... (full story)