Russian 5,000-rouble notes return
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Russians start using 5,000-rouble notes again - officially because real incomes have risen.
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The revised bill raises by $700 million the Russian government's previous $3.4 billion estimate of back taxes for 2001.
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The dollar hits yet another record low against the euro on speculation Russia may increase reserves of the single currency.
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Some 21 billion yuan (2.5 billion dollars) has been returned to the national treasury after China's top audit body found rampant corruption in Communist Party and government departments.
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The U.S. Federal Reserve said on Tuesday it added $5 billion of temporary reserves to the banking system through 2-day repurchase agreements.
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BERLIN/PARIS: Russia agreed overnight (NZT) to back an agreement to forgive up to 80 per cent, or about $US33 billion ($NZ47.32 billion) worth, of Iraq&#39;s debts to the Paris Club of creditors, paving the way for further such write-offs by other countries.
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RBC, 19.11.2004, Moscow 10:54:13.The Russian Finance Ministry has paid $63.2m in debts to the International Monetary Fund today, the Finance Ministry reported to RBC.
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For the first time in six years it is now possible to take out a savings account earning at least 7% interest.
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Russia agreed on Sunday to forgive up to 80 percent of Iraqâs debts to the Paris Club (about $33 billion). A US Treasury official quoted by Reuters said they received this information from Russia.
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Treasury prices rallied on Wednesday  as strong interest in new five-year notes soothed concerns  about a possible decline in foreign demand for U.S. government  debt.
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LONDON: The dollar trawled record depths against the euro yesterday, hit by signs that central banks in Russia and elsewhere could step up sales of the ailing US currency to buy euros.
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MOSCOW: Russiaâs tax ministry said on Friday that it had raised its back tax claims against oil major Yukos by a fifth for â01, to 119.
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PARIS  - The euro hit a new record of 1.3555 dollar early as activity was resuming in Europe after the Christmas holiday. The previous high for the European currency was 1.3549 dollar, during trading on Friday.
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Iraq will owe Russia between US$700 million (euro530 million) and US$1 billion (euro750 million) after the bulk of its debt is forgiven under a deal with international creditors, Finance Minister Alexei Kudrin was quoted as saying Monday.
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Did you see Alan Greenspan on 60 Minutes tonight?  What a revelation, one of the most powerful political and economic forces, but until now, basically silent. There were so many interesting things in the interview, but one of them left me with an urgent action item. Lesley Stahl, the interviewer, asked what currency he got the advance on his book in? He said it didn't matter, because he could convert to whatever currency he wanted, begging the question. She pressed, and he volunteered that the best choice is to be diversified. Which of course is a conclusion every money manager would reach on their own, it's just like stocks and bonds, you never want to have all your eggs in one basket, the best strategy is to be diversified.  I've wanted to be diversified in currency for quite some time, but have found it's not so easy. I have an investment account and a checking account, both are in US dollars, and neither offers the option of anything other than that. I just spent a couple of hours with Google trying to figure out where I could open an account that would allow me to keep cash in euros, yen, yuan, dollars (Canadian, US, Australian or New Zealand), pounds, or... ? I found that I could become a currency trader, which is absolutely not what I want. What I'd like is something like a mutual fund for currency. Or failing that, a certificate of deposit that allowed me to specify what currency it would be in.  So I thought I'd ask the smartest people I know, the readers of this blog. Do you keep your savings in more than one currency? Is there an online bank that does this well, one that a US citizen can use (that is, it sends 1099's to the IRS). Any ideas would be much appreciated.
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Belarus has fully repaid its debt to the International Monetary Fund. The last payment due to the fund was made on February 1, the press service of the Belarusian finance ministry has reported to RBC.
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Old Russia hands who open up the United Nation&#39;s new World Investment Report are in for a surprise. Foreign direct investment into Russia hit a four-year low in 2003, the report found, plunging to $1.