07.06.2012 - The Russian ruble is not a poorly performing currency

The ruble’s recent sharp fall against the dollar has left a lot of people talking about the currency as if it’s a uniquely poor performer, an embarrassing laggard and a testament to the country’s economic backwardness. If only Russia had a “balanced” economy, instead of a “primitive” one largely dependent on the price of natural resources, then its currency would have held up better against the greenback. ..............................................Full Article: Source

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