© Global Look Press / Nikolay Gyngazov
"There was quite a strong movement in the developing countries' markets yesterday, the ruble was in fact one of the least affected," Bank of Russia First Deputy Governor Ksenia Yudaeva said on Thursday, as quoted by TASS. "However, the Russian market demonstrates the greatest calm compared to all others," she added.
The official noted that events in Turkey may have affected investors, referring to the country's recent currency volatility. The Turkish lira experienced another fall this week and the country's main index of leading company shares, the Borsa Istanbul 100, dropped more than five percent.
Moscow stock exchange (MOEX) data shows that the Russian ruble lost 0.8 percent against the US dollar and 0.6 percent against the euro, while the national currencies of other developing nations plunged by up to five percent on Wednesday. For example, the Turkish lira slid around 5.3 percent.
The ruble has been flexing its muscles since the beginning of this year. As the markets opened on Friday, the Russian currency was trading at 64.76 against the greenback, representing growth of more than three percent since January 1.
Meanwhile, the main Russian stock index, the ruble-denominated MOEX, has been rising since the beginning of the year. The index hit a new all-time high of 2,551.97 points on February 6, after setting several other records just days before.
When given lemons, make lemonade... and the are 'lucky' to have Putin at the helm.... like most, he wasn't up to speed at the start, but has learned on the job and stayed the course for his nation... not something we see here in the States... Germany has a better rep doing that, though they continue to play the colonial role.... even as it makes them to be fools like our other colony in Japan...... or our colonies in Latin America... all indirect, all able to leave whenever they choose to.... those troops are minimal in most cases and easy to depart, especially as most of the American public doesn't even know they are there, nor why etc....
So far, Edgar Cayce's prophecy on Russia is holding true. Interesting how they have played this role in the last couple of centuries. As for Russian financies.... the reset of the PM's at the end of the month should start the endgame of the OWO central banking scheme.... not that it matters for the PTB/SG, who are outing their OWO in favor of their NWO.... regional commands are already in place for the most part, in the NOrthern Hemisphere anyway....