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RUSSIA: RUBLE COULD APPRECIATE BY 3 PERCENT.
IPR Strategic Business Information Database, May, 2002
Russian Finance Minister Kudrin said the ruble could appreciate by 3 percent per year. At a conference in London, Kudrin said, "We believe the appreciation of 3 percent per year in real terms is a sustainable level," Reuters reported. The Central Bank, the key ruble supporter, targets the ruble rate at 33 against the U.S.
dollar by the end of the year. (JMR) Copyright (c) 2002. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty
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