YELTSIN TO MEET WITH BANKERS ON CRISIS.
Publication: Monitor Volume: 1 Issue: 85
Yeltsin is scheduledto meet with Russia’s leading bankers August 31 to discuss a wayout of the current liquidity crisis, Russian media reported August30. While senior Russian officials have suggested that the crisisis over, a number of commentators continue to argue that the bankingsystem remains fundamentally illiquid and thus subject to futurecrises, unless the government changes its exchange rate, taxation,and banking policies. Most small depositors have not been affectedby the current panic, Russian television said, but the major bankshave not yet found a way to restart many of the most importantfinancial markets.
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