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. Last Updated: 07/27/2016

Watch the Dollar

The new ruble corridor boundaries are a clear concession to Russia's producers of raw materials. So are the president's decrees "On Customs Benefits" and "On Urgent Measures for the Support of Domestic Exporters." ...

However, when considering the real increase in the ruble's rate against the dollar in the first 10 months of 1995 and the increased hard-currency reserves that have resulted, it is completely plausible to say that the world's most stable currency [the dollar] will remain anything but stable in Russia.

Komsomolskaya Pravda, Dec. 2