Investment in Russia and Eastern Europe Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Investment in Russia and Eastern Europe

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Real Man who wrote (120)	5/14/1998 4:46:00 PM
From: Manfred Sondermann	Read Replies (1) of 1301

>>You are right, they might have to devalue the ruble >>because of the mounting debt problem. Let us see it this way: The have to accept a devalueing ruble, even if the government and the companies have a lot of debt in foreign currencies. They can not prevent it! One year ago the central bank had about $24 bill. and now only $16 bill. are left, even after raising the interest rates from %29 to %42 to get some foreign currencies. Flop! They are not able to support the ruble for a long time. Now let us hope that Russia has learned something of the asia crisis. But unfortunately I guess they have not..... Maybe now it is time for the other countries in the world to help Russia not to repeat the same story again. Maybe this time Sorros will not short the ruble, because he has a lot of stocks in Russia.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next