Russia allows ruble to weaken again

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Russia allows ruble to weaken again
Oluşturulma Tarihi: Aralık 18, 2008 00:00

MOSCOW - Russia allowed the ruble to weaken again against its dollar-euro currency basket yesterday, the seventh effective devaluation in five weeks.

The Bank of Russia said the band within which the ruble is allowed to trade against the dollar-euro basket had been widened. News agencies said the basket - made up of 55 percent dollars and 45 percent euros - yesterday was worth the equivalent of 32.62 rubles compared with 32.20 Tuesday.

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