Macro advisory in moscow. He said the situation for the russian currency is unique. You should not be looking at it in the same way as if there was a slide in a normally functioning economy or a european economy. The rouble is entirely managed now by the central bank in conjunction with the Finance Ministry, and has been since we last saw the rouble collapse down to about 130 in march of last year. So the Central Banks priority last year was to keep the Rouble Exchange rate high at around 60, because it was tackling inflation, but this year, because of the sanctions impact and because that has led to a big hit on the value of russias oil exports in particular, they have devalued the rouble in order to compensate for that fall in dollar terms. In other words, weaker rouble translating dollars into a higher rouble amount to balance the budget. Thats been the priority this year. It doesnt reflect an imminent crisis. Sort of a broad collapse in the economy. Its the result of the central Ba
Picked up at the breakdown, more downbeat picture. So the acceleration really driven by net exports. It tends to a bigger decline it relative to exports. We look at domestically indicates this, private consumption, government spending, investment, all of this indicates it actually to curated so that sick new rules weakening. Signals weakening. Is the slowdown on china likely to reflect on the numbers here . If you look at exports thats contracted in the fact that china accounts for 20 of korean exports that suddenly imposing a track on the overall Export Sector. If you look at Customs Trade Data today, total korean export revenues have only about 12 year to year. But if you isolate exports to china, that has fallen by 25 . So that is the key driver of the Export Sector will be missed. In the months ahead, what are some of the key sets of data that you will be looking out for . We will be watching the High Frequency data so far but we have seen for quarter three so far still suggests it
The president of armenias self declared Nagorno Karabakh republic has signed a decree which will dissolve all State Institutions on january the first. More than half the Ethnic Armenian population has fled since azerbaijan seized control of the region just over a week ago. The exodus of Ethnic Armenians surpassed 65,000 on wednesday. Many have ended up in the Armenian Border town of goris, from where our correspondent Sarah Rainsford updated me earlier. Were on the town square in goris, which is the main Armenian Border town, which is receiving refugees from Nagorno Karabakh. And you can see some of them behind me, just some of the giant aid effort thats been launched here to help people. Obviously, its Government Institutions that are involved, but also local people, lots of local businesses bringing donations to be handed out to people as they arrive here. Localfamilies, in fact, right across armenia, posting on social media, offering places to stay for people because there is a huge
Is you have lurie and players make their way over here off the tarmac to the fence where all the fans are lined up and they began displaying that lop bar dee trove lombardi trophy. 48 years baby, birthday wish came through. Yeah. What was that like when they brought the trophy. Oh my god. Did you guys get to see it. Yeah. Incredible. Incredible. It was a dream come true. Generations upon generations have waited for that lombardi drove fee and now we have it. Were winning philadelphia. Were winners. The first thing they did when they got off the plane was hold up that trophy cause they love. Theres the best. Yes, the fans were loving that. Lurie and the players boarded four buses and made their way down to the novacare complex where theyre beat buying more fans. Certainly a celebratory mood here in the city of philadelphia. Fans are taking part in all of it. You had last night, you had this afternoon and then youll have the parade come thursday. Fans are loving the celebration. Ch news.