Following the fall for the
Russian rouble on Thursday, the central bank is expected to continue cutting interest rates.
Sir thomas gresham would not have been surprised to see the US dollar surge, while the
Russian rouble tanks as Putin funny money if he was alive today.
Nonetheless, the
Russian Rouble has recovered relatively from Tuesday's unprecedented fall, but then the trading still continues to be volatile, explains (http://www.
M2 EQUITYBITES-December 17, 2014-Despite 17% rate rise
Russian rouble goes into free-fall
BANKING AND CREDIT NEWS-December 17, 2014-Despite 17% rate rise
Russian rouble goes into free-fall
Moscow, Muharram 14, 1436, Nov 7, 2014, SPA -- The
Russian rouble slid to new lows on Friday, falling
The decline of the market exchange rate of the
Russian rouble against som is observed in Bishkek, reports Tazabek.
Moscow: President Vladimir Putin on Wednesday dismissed growing speculation about an imminent currency devaluation as the
Russian rouble hit five-year lows amid growing capital outflows and diminishing central bank support.
NNA - 19/06/2011 Minister of Energy and Water Gebran Bassil told Russian news agency Itar-Tassm, on the sidelines of the International Economic Forum in Saint Petersburg, that Russia has all necessary chances to expand its presence in the Middle East if it played its cards right and took a stance contradictory to that of the American administration, inviting the use of
Russian rouble in Lebanese economy.
Currency effects, mainly related to the ongoing recovery of the
Russian rouble, had a positive effect of 8%.
The
Russian rouble has lost value as the central bank purchased dollars.
