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19 Nov, 2008 04:55

Rouble devaluation opportunity to boost competitiveness

Russian authorities are mulling the possibility of gradually devaluating the Rouble.

The Vice President of consultancy firm A.T. Kearney, Yury Dobrynin gave us his thoughts on the likelihood of such a move.

“It depends on the Government how fast this devaluation will happen, but simultaneously this provides a great opportunity for the national economies to improve their competitiveness on the global scale. And the amount of the percentage of the devaluation is very important to, on one hand support the local economies, on the other hand to have the social peace intact in the certain countries.”