Russia releases rouble’s market constraints

The Russian Central Bank liberalised the exchange rate for the rouble on the 10 November 2014 in reaction to the steady decline in the value of the currency, which has dropped more than 30% against the dollar since the start of 2014.

• Primary Source

Website: Bank of Russia (Central Bank of the Russian Federation) http://www.cbr.ru/eng/

Bank of Russia: Press Release, 10.11.14: On parameters of Bank of Russia exchange rate policy http://www.cbr.ru/eng/press/pr.aspx?file=10112014_122958eng_dkp2014-11-10T12_26_04.htm

Postimees, 11.11.14: Moscow concedes its economic weakness (via Euro|Topics) http://www.eurotopics.net/en/home/presseschau/archiv/aehnliche/archiv_article/ARTICLE153444-Moscow-concedes-its-economic-weakness

Sputnik, 10.11.14: Russia's Central Bank Allows Ruble to Float Free http://sputniknews.com/business/20141110/1014572817.html

ESO: Background information: Putin: ‘Politics prevails in the oil pricing’ http://www.europeansources.info/record/putin-politics-prevails-in-the-oil-pricing-russia-to-supply-more-gas-to-china/

BBC News, 01.12.14: Rouble suffers biggest one-day fall since 1998 as oil slides http://www.bbc.co.uk/news/business-30276353

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