RUSSIA: ROUBLE DEVALUED DESPITE YELTSIN'S ASSURANCES

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.

What is the expected range for the ruble against the US dollar by the end of the year?

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What does the speaker imply about the calculations behind the policy?

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