Ruble devaluation continues

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Ruble devaluation continues
Oluşturulma Tarihi: Ocak 12, 2009 00:00

MOSCOW - Russia's Central Bank allowed the ruble to drop sharply against the dollar as the country's long New Year's holiday ended yesterday, resuming a controlled devaluation of the currency that began Nov. 11.

The ruble dropped by 1.5 rubles on the MICEX foreign currency exchange, to 30.5 to the dollar, 1.1 percent down against the dollar-euro basket at the start of trading. It is the 13th sharp drop in the national currency since Nov. 11.

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