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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: Real Man who started this subject2/28/2003 7:38:30 PM
From: Copperfield  Read Replies (1) of 1301
 
There are lot of US dollars in Russia (cash). Recently, there has been a trend to sell dollars for either euros or rubles. Russia is also receiving so much foreign currency (dollars), mostly for oil exports that they have to print rubles. I presume this is because the oil companies must convert those dollars to rubles. As a result the Russian government has 50 billion or so in US dollars.
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