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: Rob Shilling who wrote (461)	8/18/1998 11:12:00 PM
From: Real Man	Read Replies (1) of 1301

Right. Russia chose the right way. It is better to start now rather than wait, get more indebted, get the key commodity sectors in more trouble, and finally get uncontrolled devaluation. The IMF policies and help bailed out Western bankers, did not help Russia. Officially the central bank allowed the ruble to float freely widening the corridor 6.4-9.5 ruble/dollar. I'm not saying there won't be more trouble. A lot of risk nowadays. A lot of potential reward as well.

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