Moscow forced to shore up rouble

Author (Person) ,
Series Title
Series Details 5.9.08
Publication Date 05/09/2008
Content Type

Article reports that Russia’s central bank intervened heavily to support the rouble on the 4 September 2008 as analysts said $21bn of foreign capital might have been pulled out of the country as Moscow paid the price for its conflict with Georgia.

However, Russia’s economy is strong enough to ride out the financial turmoil caused by foreign capital fleeing the country and is still forecast to grow by 8 per cent this year, says Arkady Dvorkovich, the Russia President’s economic assistant,

Related Links
BBC News, 5.9.08: Russian invasion spooks investors http://news.bbc.co.uk/1/hi/business/7600784.stm

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