Russian peg change to drive rouble trading

- By FX Markets Staff
- @FXMarkets_
- 09 Aug 2004

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Russian authorities have said they will introduce the measure in a bid to allow them to manage the effective exchange rate with their major trading partners more effectively, said Peter Redward, head of emerging markets currency research at Deutsche Bank in London. "The Central Bank of Russia wants the exchange rate to more closely match trade flows, as currently the rouble is tracking the dollar very closely, and this can hit trade with euroland trading partners," he said.

The current account

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@fx-markets.com