The new rules are an improvement, but proper implementation is vital, writes Murray Hunter and Cherese Thakur.
Showers early. Partly cloudy. Cool.
The rand plunged against the dollar in early trade as it continued to be dragged lower by the Turkish lira and Russian rouble.
The rouble has weakened the most in emerging markets after Iran called a plan by Russia and Saudi Arabia to freeze oil production "ridiculous".
Russia's rouble has continued to plummet to new record lows against the dollar, tumbling by over 4% beyond 85 to the greenback on falling oil prices.
President Vladimir Putin has welcomed the rouble’s rebound even as Russia heads into its first recession in six years after a plunge in oil prices.
Russians with foreign-currency mortgages have written an open letter to President Vladimir Putin seeking help with repayments that have soared.
Russian prosecutors must monitor the price of fuel, food and medicine and act if wages or benefits are delayed, the head of President Vladimir Putin's administration says.
Russian authorities have significantly scaled up rescue funds for mid-sized lender Trust Bank, saying they would provide up to $2.4bn in loans.
The central bank has sent supervisors to monitor currency trading at major Russian banks amid a plunging rouble, sources say.
Defending the rouble has cost Russia $80bn this year and while the slide has only been slowed, it looks all right by any yardstick of whether reserves are adequate.
President Vladimir Putin has assured Russians the economy will rebound after the rouble's dramatic slide, but offers no remedy for a deepening financial crisis.
The ruble has hit its highest level in 17 months against the dollar as oil prices surged following a landmark deal by Russia and other non-Opec producers to joined in capping output.
The Russian rouble has erased gains after an agreement with Saudi Arabia to freeze oil output fell short of expectations the countries would agree to a cut to boost prices.
For Swiss winemakers, a drop in the rouble has opened up new possibilities for a Russian venture they once doubted would get off the ground.
The rouble's sharp decline is exacting a toll on Southeast Asian tourism as Russians think twice about doubling their budgets for their next beach holiday.
Switzerland's poshest ski resort Saint Moritz boasts stunning snow-laden peaks, iconic hotels ... and Russians.
Russia's economy has shrunk sharply and the rouble resumed its slide as Western sanctions and a slump in oil prices combined to inflict the first contraction.
Russia's central bank has offered to help top exporters refinance heavy foreign debts next year.
The Russian rouble has hit its highest levels in two weeks, shored up by informal capital control measures designed to head off a repeat of the galloping inflation.
Belarussians have reacted with panic to the rouble's plunge, rushing to buy foreign notes as they fear a devaluation of their own currency.
It has been known for some time that Russian banks and corporates will not be able to refinance in Western debts markets any time soon their outstanding foreign currency debts of some $600bn.
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