Around the World's Markets: Moscow

Thursday 27 August 1998 23:02 BST

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RUSSIA'S RTS1-Interfax index fell 17.13 per cent to end at its lowest recorded level since its introduction in September 1995. The index closed at63.20.

The supply of dollars all but dried up at exchange offices and in interbank trading, leaving citizens and banks powerless to protect savings after the central bank halted trading in all foreign currencies on the Moscow Interbank Currency Exchange as demand for dollars outstripped supply by $290m.

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Around the World's Markets: Moscow

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