The Ruble Will Stabilize Because Russia Says It Will Stabilize


Russian Finance Minister Anton Siluanov says his country’s currency is just about ready to end its Ukraine-invasion-, passenger-jet-downing-, Western-sanction-, and oil-price-plummeting-induced freefall, even though none of the things causing it are going away any time soon. He didn’t elaborate, but we’re sure that Vladimir Putin’s finance minister has his ways.

Mr. Siluanov said that the ruble is set to find an "equilibrium" close to its current levels, adding that the currency's weakening is fueling inflation, the central bank" main target. The officials did not, however, say where they think that equilibrium might be.

Russian Officials Say Ruble to Stabilize Soon [Dow Jones via Nasdaq]


Staying True To Form, Russia Will Not Retreat From The IMF

Let’s hope Christine Lagarde doesn’t need ALL of her office.

Will the Swiss Stabilize the Euro?

The euro keeps diving to new lows and currency traders are hoping someone, (perhaps the Swiss) will step in to stop the bleeding

Casa Rosada ( [CC BY 2.5 ar], via Wikimedia Commons

Because It Worked So Well Last Time, Argentina Will Borrow $50B From The IMF

Mauricio Macri is apparently content with one term as president.