Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Real Man who wrote (449)	8/17/1998 12:12:00 PM
From: baystock	Read Replies (2) of 1301

It undermines the credibility of Yeltsin and the Central Bank that the Ruble gets devalued so soon after they say that there will absolutely be no devaluation. But I guess there is nothing unusual about that. All countries that have been forced to devalue have done the same thing (ie. deny it till the very end). The question is whether this is just the start of more devaluations to come. I don't know why they aren't paying salaries, but it may be related to the conflicts between the President and the Duma.

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