… BUT PARAMONOVA SEES SALVATION IN CREDIT CARDS.

Theauthor of the soft peg program, acting Central Bank chief TatyanaParamonova, reaffirmed her belief that the peg would work, Russianmedia reported July 7. One measure she said would help solve thepayments crisis would be the massive introduction and use of Western-stylecredit cards.

Russian Pay Increases Trail Inflation.