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  • Russian Ruble to Be Revalued

    06/19/2006 6:19:06 PM PDT · by G. Stolyarov II · 1 replies · 177+ views
    PanAsianBiz ^ | June 14, 2006 | Dr. Bill Belew
    It seems like no one wants to leave the Chinese alone when it comes to revaluing the yuan. Here is some news that I am sure the Chinese would like to see spread all over the pages. The Russians say their economy is not ready to introduce the idea of a 'floating ruble' yet because it involves: 1. Economic risks 2. Reevaluation (sounds like revaluation) of the state's participation in the economy. Russia's Federal Financial Markets Service Head, Oleg Vyugin, said, "we're not ready." "People think the ruble rate is undervalued," he said. That statement could be put in any...