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Russian ruble rebounds slightly after record plunge MOSCOW: The Russian ruble rebounded slightly as markets opened Wednesday, after the currency lost a fifth of its value in a single day in the worst crisis of President Vladimir Putin's 15 years in power.At around 0730 GMT, the ruble was trading at 66.96 to the dollar, down from 67.88 on Tuesday evening, and at 83.35 to the euro from 85.15. The central bank said it had spent almost $2 billion in a bid to prop up the currency on Monday.Copyright AFP (Agence France-Presse), 2014 ...

Ruble loses 20pc, crashes to 100 to euro, 80 to dollar MOSCOW: The Russian ruble crashed to new record lows Tuesday, losing some 20 percent in value by the afternoon despite drastic overnight measures by the central bank to hike the key rate.The ruble hit 80 to the dollar and 100 to the euro on the Moscow Exchange. Overall the Russian currency has lost nearly 60 percent of its value since the start of the year.The RTS index of the Moscow Exchange fell by 17 percent, ...
Turkish lira hits new record low on emerging market jitters ISTANBUL: Turkey's currency the lira hit a new record low on Tuesday as investors moved out of emerging markets amid the collapse of the Russian ruble and fretted over the impact of raids against Turkish opposition media.The lira hit a record low in value of 2.41 lira to the dollar, worse than Monday's record low in value of 2.39 lira to the dollar. Against the euro, the currency struck a low in value of 3.03 ...
Rouble hits new lows as Russian rate hike fails to support MOSCOW: A sharp overnight rate hike failed to ease pressure on the rouble on Tuesday, as the market continued to test the central bank's resolve to defend the currency and piled more pressure on Russia's faltering economy.The rouble opened around 9 percent stronger against the dollar following the overnight 650 basis point rate hike, but it quickly reversed gains and fell to new lows, pushing losses this year against the dollar to 50 percent.At 0907 ...
Oil slump curbs risk appetite, pushing yen to 1-month high LONDON: The yen hit a one-month high against the dollar and the euro on Tuesday as investors bought safe-haven currencies amid a slide in oil prices that has triggered a bout of volatility across asset classes.The rouble - a major victim of plunging oil prices - came under renewed pressure, despite the Russian central bank hiking interest rates 650 basis points overnight to halt its collapse.The oil price fall would keep currencies like the Norwegian ...
Turkish lira recovers from record lows, daily tightening expected ISTANBUL: Turkey's lira recovered on Tuesday from record lows on Monday as analysts anticipated daily monetary tightening to support the currency, which has been hit by an emerging market sell-off and domestic political tensions.Although the lira has slid to record depths against the dollar, Turkish Economy Minister Nihat Zeybekci said the currency does not need "strong intervention" measures and that sinking oil prices would help suppress inflation and narrow the current account deficit.Expectations have been ...
Sterling hits 3-week low vs euro as UK inflation falls sharply LONDON: Sterling hit a three-week low against the euro on Tuesday while gilt yields dipped, after data showed British inflation fell to a 12-year low in November, leaving the Bank of England under no pressure to raise interest rates.Reflecting a slide in global oil prices, the consumer price index rose by an annual 1.0 percent in November, compared with 1.3 percent in October, the Office for National Statistics said on Tuesday.Economists taking part in a ...

 



 
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln