Russia: MosPrime one-day rate rose to 23%
Russian banks are experiencing problems with cash flow. Today MosPrime one-day rate rose to 23%. Morning banks had to sell dollars and euros to fill the demand for rubles. Central Bank of Russia has not even had to participate in today’s stock trading. Because the demand for Ruble now clearly exceeds the demand for dollars.
21. July, 2010 at 09:57
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