EFTA Document EFTA01379416

22 December 2017 EM Currency Handbook 2018: Still Fuel in the Tank Russia Russia formally abandoned the ruble trading corridor on 10-Nov-14 and switched to a managed floating exchange rate regime. The CBR formally targets a reduction of CPI to 4% by 2017 and to maintain that target in the medium run. The CBR declares their intention to allow fundamentals to set the exchange rate and they claim to have no fixed constraints or targets for the level of the ruble. However, they reserve t