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Global Economy
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#290
01-19-2009, 09:17 PM
<b>Ruble Drops to Pre-1998 Crisis Low on 6th Devaluation This Year</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->Jan. 19 (Bloomberg) -- The ruble fell below the weakest level seen in the 1998 Russian crisis after the <b>central bank devalued for the sixth time in seven days to protect reserves. </b>

The currency slid to as little as 33.1080 per dollar today, the lowest since early 1998, before the government defaulted on $40 billion of debt. <b>The ruble has lost 7.3 percent since official trading resumed this year, extending the decline to 29 percent since August</b>.
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Global Economy - by Capt M Kumar - 06-30-2011, 02:52 AM
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Global Economy - by dhu - 10-16-2011, 05:29 AM
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Global Economy - by dhu - 10-20-2011, 09:02 AM
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Global Economy - by sumishi - 10-24-2011, 11:52 AM
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Global Economy - by dhu - 10-31-2011, 06:12 AM
Global Economy - by sumishi - 10-31-2011, 07:28 AM
Global Economy - by Guest - 06-03-2012, 08:08 PM
Global Economy - by priyarawat229 - 07-06-2012, 12:33 PM
Global Economy - by Guest - 01-16-2013, 11:12 AM
Global Economy - by rhytha - 01-30-2013, 06:59 AM
Global Economy - by Guest - 02-18-2004, 11:34 PM
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