This page has been archived and commenting is disabled.
Ruble Crutches Coming Off Tomorrow
After blowing over a hundred billion dollars propping up its currency, Russia's Central Bank has had enough and beginning tomorrow it has set the weak end of the Ruble's trading range against a basket of dollars and euros at 41. "Bank Rossii has finished with the major gradual correction of the borders of the technical corridor that determines the permissible flucatiations of the value of the dual-currency basket" according to an incomprehensible statement by the Russian Bank... Translation: short the ruble.
- 474 reads
- Printer-friendly version
- Send to friend
- advertisements -

