Tag: Crude Slump
Russia Devalues 2nd Time in Week, Lets Ruble Fall Total 8.8%
By William Mauldin and Alex Nicholson
Dec. 15 (Bloomberg) — Russia’s central bank devalued the ruble for the second time in a week after policy makers spent $161 billion of reserves trying to defend the currency and oil revenue slumped.
Posted: December 16th, 2008 under News.
Tags: Bank Deposits, Bank Rossii, BNP Paribas, Crude Slump, Deutsche Bank AG, Dollar, Economic Growth, Federal Reserve, Foreign-exchange trading, Global Recession, Ruble, Russian Central Bank
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