Russia could float rouble next year

The rouble may switch to a free float before 2011, a senior official at the country's central bank said at the weekend.

Russia was planning to float the currency, which is now fixed against a dollar-euro basket, in 2011. But Alexey Ulyukaev, a first deputy chairman at the central bank, told reporters on Saturday: "We have a feeling that [a float] could be earlier than 2011."

Ulyukaev said that floating in 2010 would depend on a "normal balance of payments" and an efficient monetary-transmission

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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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