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08/13/1998 18:50:49 N.Y.--SOROS SAYS HAS NO SHORT POSITION IN RUSSIAN ROUBLE, NO INTENT TO SHORT

Пост обновлен 13 авг. 2018 г.

NEW YORK, Aug 13 (Reuters) - International financier George

Soros on Thursday said he had no short position in the Russian

rouble and has no interest in shorting the currency.

In a statement provided to Reuters, Soros also said a

potential devaluation of the Russian rouble would hurt Soros's

fund portfolio.

Soros also said that his letter to the editor of British

daily Financial Times, published on Thursday, should serve as a

"wake-up call" to the world's most industrialized nations that

Russia needs foreign assistance.

Russian financial markets plummeted on Thursday and U.S.

currency traders said that Soros's statement, in which he

suggested Moscow should introduce a currency board after a

modest 15 to 25 percent devaluation, further undermined

confidence.

In his statement Soros, however, said, "The turmoil in

Russian financial markets is not due to anything I said or did."

The dollar slipped against the mark toward its session low of

1.7820 immediately after Soros's statement was released, but

soon began nudging higher again.

((--N.A. Treasury Desk, 212-859-1638 ))

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