Source Pravda.Ru

Decline in correspondent accounts leads to fall in dollar rate

At the beginning of the business day on August 12 ruble balances atcorrespondent accounts of commercial banks decreased. It was the first dropacross Russia since August 5, i.e. in a week, while a drop in correspondentaccounts in the Moscow region was last posted on August 8. The decline inruble balances of correspondent accounts was nearly RUR4bn (around $126.9m)across Russia and over RUR1bn (around $31.74m) in the Moscow region, whichis the biggest figure since August 8. As a result, the dollar exchange ratedropped at the morning trade session on Monday. Commercial banks' dealerspoint to the fact that the ruble's strengthening against the US dollar attoday's unified dollar trading session took place amid pretty high tradevolume. According to specialists, it is due to an increased dollar supplyfrom commercial banks at the special dollar trade session. Experts pointout banks are currently forced to step up their dollar selling because of acertain shortage of ruble resources. .

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame