• ACI Russia

08/14/1998 15:22:20 Russia c.bank denies rumours of rouble devaluation

MOSCOW, Aug 14 (Reuters) - Russia's central bank denied

market rumours on Friday that the rouble had been devalued or

that such a move was being considered.

"The central bank declares, with all responsibility, that a

rouble devaluation is out of the question," central bank

spokeswoman Irina Yasina told Reuters.

Russian financial markets have been rife with speculation

about a rouble devaluation for months, but President Boris

Yeltsin ruled it out earlier on Friday.

The central bank says a devaluation would not solve any of

the problems facing the government as it grapples with financial


((Moscow Newsroom, +7095 941-8520


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