Russia did act on rouble fall: Deputy Ulyukaev

Alexey Ulyukaev, a first deputy chairman at the Central Bank of Russia, confirmed Friday that the central bank had intervened to shore up the rouble.

Ulyukaev was reported as saying by Bloomberg, a news agency, that the central bank had sold a "significant" amount of currency to halt the rouble's slide on Thursday to Rb30.40, the lowest level since a new dollar-euro basket was introduced in February 2007.

Market analysts estimate the central bank sold between $3.5 billion and $4 billion of its

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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