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Informal capital controls stem rouble's slide

Russia's currency hits two-week high as government pressures state-owned exporters to sell dollars
Wednesday, December 24, 2014 - 05:50

Forex prices outside a Moscow currency exchange bureau on Dec 16. The rouble dived to an all-time low in mid-December.


THE Russian rouble hit its highest levels in two weeks on Tuesday, shored up by informal capital control measures designed to head off a repeat of the galloping inflation and mass protests that marked Russia's 1998 financial crisis.

The government put pressure on state-owned

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