At the latest Russian Government meeting Dmitri Medvedev has announced the Russian authorities are planning no additional measures to stabilize the Ruble as long as the current trend continues. And, truth be told, so far the measures taken by the Central Bank and the authorities did reverse the trend and the Ruble has been gaining some of what it lost against the Dollar:
River to Sea |
| Dollar/Ruble xrate 17-22 December |
Of course, there is much more to the current crisis as just the Ruble’s exchange rate against the Dollar or the Euro, but it is undeniable that, at least for the time being, the Ruble’s apparent free fall has been stopped.
So far, so good.
The Saker
Uprooted Palestinian 
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