RUSSIA: ROUBLE DEVALUED DESPITE YELTSIN'S ASSURANCES
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Practice Problem
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Hard
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The video is a press conference where the Bank of Russia announces a shift to a floating ruble policy within new currency corridor limits. The corridor is set between 6 to 9.5 rubles per US dollar until the end of the year. The policy is thoroughly calculated, and the speaker emphasizes the importance of communicating these changes, particularly to America.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the expected range for the ruble against the US dollar by the end of the year?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What does the speaker imply about the calculations behind the policy?
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