Looking inside ourselves and out at the world
Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Russia's Ruble Partly Recovers as Consumers Spend on Inflation Fears

Russia's currency, the ruble, has recovered by about 10 percent, after falling sharply in value this week, as the government pressured exporters not to hoard their foreign currency. Consumers in Moscow have been on a spending spree, on fears of price hikes, after a massive interest rate increase failed to stop the ruble's decline. The ruble regained some ground Wednesday in volatile trading, but investors remain nervous about currency's stability. Russia's central bank...

Read complete article
© Voice of America -

Follow us on ...
Facebook Twitter