Source Pravda.Ru

Dollar rate jumps on interbank market

The average-weighted dollar exchange rate amounted to 31.56 RUR/USD at thismorning's session, which was RUR0.02 higher that the previous rate. Aconsiderable gain in the dollar rate was registered on the interbank marketas well. The high of the tom deals was 31.60 RUR/USD on the interbankmarket, which was RUR0.04 more than the official dollar exchange rate setby the Central Bank for Friday.Experts of commercial banks attribute this considerable weakening of theruble to low ruble credit rates. As a result it promotes the activity ofbuyers of US currency. The experts say that banks' ruble liquidity improvedin the morning, as balances at correspondent accounts of commercial banksadvanced again. As a result the one-day ruble credit rate is not exceedingfive percent currently..

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