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Commodities Briefing - Categorized | Currencies, Market Pulse more

Russians prefer rouble to dollar despite fall

Posted on 19 December 2008

From Guardian: Russians still want to be paid in roubles despite the currency losing almost fifth of its value against the dollar since the summer, polling data showed on Thursday.

Maintaining confidence in its currency is a key plank of Russian financial policy in the global economic crisis and the Central Bank has spent around $100 billion propping up the rouble since early August….. Full Article: Source


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