Russia tries to steady dollar!

ChrisD(RJ) chrisd at russiajournal.com
Mon Mar 10 07:04:58 PST 2003


The article blames the latest slide on US unemployment numbers, but the dollar has been sagging on Russian markets for awhile and one Vremya commentator mentioned "the situation surrounding Iraq" as part of the reason.

It will be interesting to see whether Russians listen to their finance minister...

DC ... They won't.

It's not really surprising. When the dollar is strong relative to the ruble, it discourages imports and helps the domestic economy.



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