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
wider sell off in the property sector. it isjust wider sell off in the property sector. it is just the latest property firm to run into trouble as the sector struggles with weak demand. before we go, pubs in england and wales will be able to continue selling takeaway drinks after the government decided to keep covid licensing rules. pandemic laws allowed them to sell through hatches, the laws were due to expire in september but will now continue until march 2025. around the world and across the uk, this is bbc news. bbc news, bringing you different stories from across the uk. a cooling paddle in the river deben and at waldringfield. thanks to campaigners, this is one of the country s newest designated bathing water areas. weekly tests show levels of e.coli found in human and animal faeces are safe here. elsewhere in the estuary, it s a different story. testing has found excessive levels of e.coli,