Source Pravda.Ru

Experts Link Rise In Dollar Rate To Low Ruble Credit Rates - 11 October, 2001

A rise in the dollar exchange rate at special trading this morning was caused by low one-day ruble credit rates on the Russian interbank market, a bank official noted in an interview with RBC. He specified that one-day ruble credit rates reached about 4 or 5 per cent for large banks and 5 or 6 per cent for small and medium-sized banks today. A fall in ruble credit rates started in the afternoon yesterday and it led to a rise in the dollar rate. As a result, the maximum at this morning's trading reached RUR/USD 29.535. The expert forecasted that the average-weighted dollar exchange rate will go up at least 0.02 or 0.03 rubles today.

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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