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| Author: | Kranz, P. |
| Title: | Zero hour for Moscow |
| Journal: | Business Week
1998 : JUN 15, VOL. 3566:896, p. 25-28 |
| Index terms: | RUSSIA ECONOMIC CONDITIONS IMF |
| Language: | eng |
| Abstract: | It was one of the tensest days ever seen in the ornate halls of Russia's Central Bank. In a highly unusual auction of government paper, Russia sold $84,6 million in Treasury bills with maturities of just seven days and and interest rates of 39,9%, and also sold $862 million in other bills. It was all part of a dramatic bid to lure foreign and local investors back to Russia's beleaguered Treasury bond market, which the government depends on to finance its soaring budget deficit. |
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