the 'Currency Triangle'
By Vlad Fadeyev, Translated by Nick Chesters, Rosbalt, February 11, 2004
Russians are trying to adjust to fluctuating exchange
rates involving the
ruble, the US dollar and the euro.
Says Rouble to Gain Another 10-15% on US Dollar in mid term
Rosbalt, January 16, 2004
'The rouble’s appreciation against the US dollar is not happening
by chance. It is the result of a mid-term trend in the Russian economy,'
said State Duma Deputy and economist Mikhail Zadornov at a press
Insurance Bill in Danger of New Delay
By Alex Fak, The Moscow Times, November 21, 2003
The deputies voted to retain state guarantees on all Sberbank deposits
until 2007, not just on those accounts opened before the law comes into
effect, as stipulated in an earlier version backed by the government and
the Federation Council, the upper house of parliament.
Prime-Tass, September 26, 2003
A bill on financial derivatives is expected to be submitted to the
State Duma for consideration in October
Votes to Insure Deposits
Reuters, September 18, 2003
The State Duma on Wednesday approved in the first reading
a bill on banking deposit insurance, a critical move in restoring the trust
of millions of Russians in the private banking system.
Set to Ease Cash Sales for Exporters
Reuters, June 18, 2003
The new legislation would allow the Central Bank to vary the rate
under the 30 percent ceiling. It is also expected to ease upward pressure
on the Russian currency.