Source Pravda.Ru

Ruble declines against dollar and euro

The head of Sberbank, German Gref, said that Russian depositors should not worry about their ruble bank deposits. There is no need to convert their accounts in either euros or dollars, he added.

"There is no reason to suspect that the Central Bank will lower the rate, and that the ruble will collapse," - Gref said. According to him, it is important not to panic. "Non-qualified investors rush from one currency to another at most unfavorable moments, thereby losing their savings," the head of Sberbank said.

According to Gref, there are no reasons for the ruble to collapse. Meanwhile, the ruble continues its decline against the dollar and the euro. On Thursday, the ruble rate reached the minimum in eleven months. 

 

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
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