Russian ruble strengthens 2.3% in Jan-April (Part 2)
MOSCOW. May 7 (Interfax) - The Russian ruble's real effective
exchange rate appreciated 2.3% against the basket of currencies of
Russia's main trading partners in January-April 2008, including 8.2%
against the U.S. dollar and 0.5% against the euro, the Central Bank said
on its website citing preliminary data.
The ruble's real effective exchange rate strengthened 0.8% in
April, including growth of 1.6% against the dollar and a drop of 0.1%
against the euro.
The real effective exchange rate grew 4.2% on average in January-
April 2008 compared to the same period of 2007, including 18.3% against
the dollar and 4% against the euro.
The Economic Development and Trade Ministry has predicted the
ruble's real effective exchange rate will strengthen 3.3% in 2008.
tj
(Our editorial staff can be reached at eng.editors@interfax.ru)
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