The treasury lessons of the Argentine peso and Russian rouble crash
This month’s crash of the Russian and Argentine currencies may not be surprising but does point to wider issues for emerging economies and for treasurers offers an object lesson in handling volatility.
Sometimes jokingly referred to in currency trading circles as ‘the rubble’, Russia’s currency the rouble (RUB) this month lived up to its moniker by taking a headlong swan-dive into the currency abyss.
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