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
One of the buildings which was destroyed was the grace baptist church. Our correspondent sophie long is in hawaii and spoke to some of the congregation. The fire that left more than a city devastated and charred, black buildings behind. Questions hover above the emptiness. How can you rebuild from this . What will exist here in the future . A now churchless congregation gathered at a coffee shop to share their pain. One of the Police Officers sent me the pictures. Of what used to be. My house. I wept. But weeping is not a lack of faith. Thank god that he gave us tears. Amazing grace. There are so many questions that remain without answers. Why did one survive to sit in a makeshift church when their neighbour didnt . What will become of their community so crippled by a loss that is still being counted . I dont think it will ever be the same. I hope it will be better, so thats my prayer, and i believe that. I think one day it can be an even better lahaina than it was. That is what i hope
and how screaming beatles fans disgusted george harrison s mum, one of her letters dive ordering all goes under the hammer. time for a look at the business news now with lukwesa. thank you very much, yes, hello there. let s take you through those top stories. we start in russia where the currency, the rouble, has fallen below 100 roubles to the dollar, its lowest level in 16 months. this the latest slump, part of a steep decline which has seen it drop nearly a third of its value this year. it has prompted a response from the russian central bank, where they are expected to give the latest interest rate decision. earlier, i spoke to chris weafer, founding partner of
and how screaming beetles and how screaming beatles fans disgusted george harrison s mum, one of her letters dive ordering all goes under the hammer. time for a look at the business news now with lukwesa. thank you very much, yes, hello there. let s take you through those top stories. we start in russia where the currency, the rouble, has fallen below 100 roubles to the dollar, its lowest level in 16 months. this the latest slump, part of a steep decline which has seen it drop nearly a third of its value this year. it has prompted a response from the russian central bank, where they are expected to give the latest interest rate decision. earlier, i spoke to chris weafer, founding partner of