RUB: Revaluation In The Offing, Just Not Yet

May 2008 | Currency Forecast

The recent decision by the Central Bank of Russia (CBR) to make daily interventions in the foreign exchange market to reduce rouble speculation suggests that a revaluation of the currency against the dollar-euro basket (weighted at US$0.55/EUR0.45) is off the cards, at least in the near future.

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