Moscow signals depreciation of rouble

Article reports that Russia’s central bank signalled on the 11 November 2008 that it was prepared to allow a sharp depreciation of the rouble as it lowered the floor at which it would defend the struggling currency, while capital outflows from the country took their toll on foreign exchange reserves.

BBC News, 11.11.08: Russia admits rouble 'could fall' http://news.bbc.co.uk/1/hi/world/europe/7722029.stm

Russia Today, 10.11.08: Rouble tipped for slide of up to 30% http://rt.com/news/

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