Word: gerashenko
(lookup in dictionary)
(lookup stats)
Dates: during 1994-1994
Sort By: most recent first
(reverse)
President Boris Yeltsin, calling the currency crash "a threat to our national security," fired acting Finance Minister Sergei Dubinin, a critic of easing monetary policy, and asked parliament to dismiss central bank chairman Victor Gerashenko -- who resigned, but only after a personal meeting with Yeltsin. Considered by many an obstacle to reform, Gerashenko had balked at spending scarce hard-currency reserves to prop up the ruble as it went into free fall...
...next few weeks parliament must still consider the fate of Gerashenko and vote on the economic stewardship of Prime Minister Victor Chernomyrdin. In the meantime, the Russian public has already made its views known: as of last week, half the population is thought to be holding savings in U.S. dollars rather than rubles...
...lucky enough to exchange their shares for cash stumbled out of the building, with cardboard boxes and plastic bags bulging with rubles, to shouts from the assembled crowd: "Is there any money left?" A few yelled imprecations on Prime Minister Viktor Chernomyrdin and central bank chairman Viktor Gerashenko, but many were simply philosophical. Mira, a chemistry researcher who earns 60,000 rubles, or $30, a month, stood in line for 24 hours, hoping to redeem 70 shares. "Hey, it's a risky game," she shrugged. And it is still being widely played. MMM is by far the largest investment fund...
| 1 |