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Central Bank pumps cash into system to fend off credit crunch

Published: 13 September, 2008, 06:33


The Central Bank pumped a record $13 Billion into banks on Friday, as it battles the spread of the liquidity crisis to Russia. With stocks hitting a 2-year low this week, Russia's economic woes are deepening. Experts warn it might take 2 years before the

 
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