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The Bank of Russia and the decision to float the ruble in Nov. 2014
11/19/2014
With Russia's dollar currency reserves dropping to $421 billion, less than enough to cover 6 months of imports, the Bank of Russia had no option but to let the ruble float freely, say experts. The ruble was at 46 to the dollar by mid-Nov. 2014. Experts say it would have to fall to 50 to the dollar to risk financial stability.
Grouped Articles
Bank of Russia Chief Defends Ruble Float
Wall Street Journal 11.19.2014
Oil Slide Deepens, Ruble Crumbles
Wall Street Journal 12.01.2014
Wall Street Journal 12.02.2014
Ruble Strengthens After Central Bank Acts
Wall Street Journal 12.18.2014
Ruble’s Fall Tests Governor of Russia’s Central Bank
New York Times 02.09.2015
Changing Course, Russia Will Sell Rubles Instead of Buying
New York Times 05.14.2015
Overheard: Ruble in the Rubble
Wall Street Journal 08.25.2015
Russia and Turkey Show Oil Prices Aren’t Everything
Wall Street Journal 01.25.2016
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