...totally glutted on fat...

Hello, All! FROM OCTOBER 1, THE RUBLE IS OUTLAW IN UKRAINE 08/20/99 10:27 Today's issue of the New Izvestia newspaper talks about this in detail. The Board of the National Bank of Ukraine decided to exclude from foreign exchange of the country's reserves in the Russian ruble and stop servicing accounts in rubles. This decision was not expected in the neighboring state, so we can say that There was a sensation in the country's financial market. Actually speaking, the first part decisions of the National Bank, namely the displacement of the ruble from foreign exchange reserves, is not such a tragic event. The National Bank can form reserves at the expense of any currencies. For example, the foreign exchange reserves of the Russian Central Bank consist of dollars USA and German marks. And exchange one currency for another, the main banks of the states they can as much as they want. The same Central Bank of the Russian Federation, after the birth of the euro, began to think: and not change Are there “reserve” Deutsche Marks for the new European monetary unit. Thus is that the Ukrainian National Bank will transfer part of its reserves to hryvnias, removing rubles, nothing terrible will happen. It can have much more serious consequences the decision that from October ruble accounts of enterprises will be serviced only in hryvnia. By declaring ruble accounts illegal, the National Bank, in essence, withdrew from the turnover of one of the most convertible currencies in Ukraine - the Russian ruble. RosBusinessConsulting SUBJECT! Best regards, Alexey