The announced denomination of the ruble will “reduce” Belarusian millions by ten thousand times and will force Belarusians to look for wallets with compartments for kopecks. President of Belarus Alexander Lukashenko signed a decree according to which, from July 1, 2016, new...
“To get to Sunny Isles Beach, we will soon need a Russian visa,” a Hispanic taxi driver tells me. Sunny is the suburb of Miami with the largest Russian-speaking population in Florida (about ten percent according to the latest census). In local media, he is sometimes called "little ...
The Central Bank of Russia is preparing financial institutions in the country for a further fall of the ruble by one and a half to two times. This was reported by the Reuters news agency with reference to Andrey Shalimov, deputy chairman of the board of Vozrozhdenie Bank. It is quite possible that the exchange rate will be 100–120 rubles per dollar - these are the figures given by...
The depreciation of the ruble especially affects the post-Soviet countries, which have close trade ties with Russia, Bloomberg writes. Thus, experts believe that the devaluation of the Armenian dram is possible. Over the past year, this currency has lost 15% in price, while the ruble fell by 46%. The fall of the Kazakhstani tenge may be negative ...
A bill on renaming Ukrainian kopecks into rubles has been submitted to the Verkhovna Rada of Ukraine. The message on the website of the presidential bloc of Petro Poroshenko clarifies that the bill was introduced by the deputy of the parliamentary faction of the bloc Oleg Musiy. The deputy justified his initiative by the need to restore historical justice. The deputy claims ...
Boston Consulting Group (BCG) experts assess the competitiveness of the economies of twenty-five countries, which account for almost ninety percent of global exports of manufactured goods. The basis is the index of productive costs. The lower the cost index, the lower the cost of goods and services, which means...
Russia's oil-dependent economy is heading into recession this year, and there is a danger that the West could extend sanctions over Ukraine. And, nevertheless, the Russian stock market, state currency and bonds - all rushed up. After a terrible for ...
"We need intervention!" - one of the officials of the Central Bank repeated in panic. The bank's chairman, Elvira Nabiullina, watched on a tablet screen how the ruble reacted to an emergency increase in interest rates undertaken by the regulator. “No,” she said. - Not now - Russia will not be anymore ...
The Moldovan Leu has experienced the most dramatic moments in its entire history since 1993. It is rapidly falling in price. Since the beginning of the year, the leu has depreciated by 25,5 percent against the dollar and 17,8 against the euro. President of the National Bank of Moldova (NBM) ...