Russia » Economics
Author`s name Olga Savka

50 Rubles per Dollar as Panacea for Russian Economy - Comments

Experts think gradual strengthening of the ruble may result in default worse than that of 1998 in RussiaThe fist signs of coming default are already evident: the real inflation increased by 8 per cent over the nine months and the ruble rate got higher. It is no good to be proud of the strengthening ruble; indeed, dynamically developing countries aim at reduction of the currency rate. This guarantees wider privileges to national exporters, especially in high-end spheres

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