MOSCOW: Russian ruble’s recent firming trend has ended for now, the Russian Central Bank’s first deputy governor, Ksenia Yudayeva, said.
“The strengthening of the ruble has finished. Now we observe stabilization,” she said, adding that she was referring to the ruble moving higher in connection with recent sharp moves in the oil price.
Yudayeva also said that she did not think that recent volatility on the forex market was dangerous, predicting that it would calm by the summer.
Pakistan to get $3b loan from Islamic Trade Financing Corporation
ISLAMABAD: Islamic Trade Financing Corporation (ITFC) to provide Pakistan with a $3 billion loan, according to an official statement released...
