CIS Economic Update - Local FX Feeling the Pain
Ruble weakness and the recent collapse of the Turkish lira sent ripples across CIS currencies. Besides the Russian ruble, which is down by more than 6% since the end of July, most affected by the volatility have been the Kazakh, Belarusian and Georgian currencies. The Azeri manat and Tajik somoni, though still pegged to the dollar, have been under pressure as well. Meanwhile, thanks to domestic factors, the Armenian dram and Ukrainian hryvnia have been the least affected.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
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