Source Pravda.Ru

Dollar Rate Drops At Unified Trade In Russia Today

The morning trade on the Russian currency market opened with a fall in the dollar exchange rate. The average-weighted dollar rate was 29.92 rubles. In view of this, experts forecasted that the dollar exchange rate will drop at the special session today. They linked this fall to a deficit in ruble assets of Russian banks that was reflected in high ruble credit rates. These rates reached about 7 or 9 per cent for large banks and from 10 to 12 per cent for medium-sized and small banks. This is almost twice as much as compared to credit rates at the end of the previous day. This insignificant ruble liquidity was most likely caused by a reduction in the balance at correspondent accounts, analysts concluded.

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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