The slide in the
ruble this year has made that more difficult.
Notably, a standard iOS app will now set the buyers back by 62
rubles, while the same app used to cost 33
rubles, prior to the price hike, says (http://www.
Summary: Sternly warning the West it cannot defang the metaphorical Russian bear, a confident-looking President Vladimir Putin promised Thursday to shore up the plummeting
ruble and revive the economy within two years.
MOSCOW, Safar 19, 1436, Dec 11, 2014, SPA -- The
ruble has fallen to a new all-time low, AP reported.
Admittedly, Russian stocks, a barometer of sorts for investor attitude toward Russia as a whole, remain undervalued relative to their peers for real reasons, such as the volatility of the
ruble.
Summary: The russian
ruble is not on most UAE investor's list of hard currencies for obvious reasons.
Avtovaz, maker of the Lada brand and 25 percent owned by Renault of France, said sales tumbled to 53 billion
rubles from 98 billion
rubles in the first six months of 2008 when it had posted a net loss of two billion
rubles.
The imposition of limits on CBR interstate lending in July 1992 led to the emergence of de facto separate noncash (deposit)
rubles in other
ruble area states (i.
They'll buy whatever Clinton is selling and gladly pay for it with
rubles.
1
rubles per dollar, on average, and the average exchange rate for the nearest three years will be 6.
Clearly, joint ventures profitable in
rubles will not yield substantial hard-currency returns in the short term, but neither will they require the hard-currency investments few now are willing to make.
While growing privatization and monetizing the economy (including making the
ruble convertible with the dollar and other foreign currencies) will continue to produce shockwaves affecting the economy, Potvin is optimistic about the future--particularly because of the changing attitudes he has observed.
