Russian Central Bank will Intervene Only if Ruble Under Threat
Russia' central bank announced Monday that it would intervene to support the ruble only if there was a threat to the "financial stability" of the Russian currency, which has lost 10 percent of its value last week.
The Bank of Russia said in a statement it would allow the ruble to evolve freely in the market, and that it would only intervene in the currency exchange "in case a threat appears to financial stability."
Source: Agence France Presse
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