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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: John Liu who wrote (623)9/4/1998 7:44:00 PM
From: Rob Shilling  Read Replies (2) of 1301
 
printing money can be scary,

But with the ruble already 1/3 its value a month ago, I doubt Russia has much to lose. They do need to start with a clean slate, so a "limited emission" as Victor C. states may be o.k.
The government will probably find a compromise on Victor C. over the weekend and the Duma will vote for Victor C.
To tell you the truth, it might be in Russia's interest to get the IMF out of the picture. The IMF has not helped, witness the devaluation and default.
Curiously, the Russian stocks were up today. This might be like the Malaysian situation. When Malaysia abandoned the IMF policies and pegged their currency the Malaysian stock market went up.
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