INSUBCONTINENT EXCLUSIVE:
Russia has banned foreign currency sales for six months, its latest measure to attempt to avert a deep economic crisis and run on the
Russian ruble.The Central Bank said Tuesday night that banks and brokers would be prohibited from selling dollars, euros and other foreign
currency in exchange for rubles until at least Sept
historic lows on the news, trading above 120 to the U.S
dollar on the Moscow Exchange
this helps soften the panic among the Russian population, then the Central Bank will finally have taken control of the situation in the
orders forcing companies to sell at least 80% of any foreign currency earnings they make and blocked companies and individuals from sending
feared a dramatic sell-off when markets eventually reopen.
