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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
Add BT as a preferred sourcePublished Tue, Dec 23, 2014 · 09:50 PM
Moscow
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 exporters on Tuesday to sell dollars, while officials and banking sources said the central bank had installed supervisors at the currency trading desks of top state banks.
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