ASSESSMENTS

Russia: Fears of a New Ruble Crisis

Jan 7, 2009 | 12:13 GMT

DMITRY KOSTYUKOV/AFP/Getty Images

Summary

Within seven weeks, Russia has implemented 12 mini-devaluations (of a little more than 1 percent each) of the ruble. These moves are awakening fears within Russia that the ruble could crash, much as it did in 1998.

Recent small devaluations of the ruble are leading to fears within Russia that the country could see a repeat of the 1998 ruble crisis....

Subscribe to view this article

Subscribe Now

Subscribe

Already have an account?