Source Pravda.Ru

Russian currency market to stabilize soon, finance minister says


The situation on the Russian currency market is to stabilize soon, said Finance Minister Anton Siluanov.

According to him, in the near future, the situation on the currency market should stabilize." Siluanov explained at a meeting with investors in Hong Kong, that the ruble rate in Russia was a fluctuating one. The rate depends on several factors, primarily on the flow of capital and interest rates. The Central Bank is involved in the exchange rate process, supporting the rate within certain parameters of the currency corridor."

Since the beginning of 2014, the ruble has fallen against the dollar by 2.9 rubles and against the euro by - 3.6 rubles. As for the currency basket, the rate went down by 3.2 rubles. Siluanov stressed out that the activity of the Ministry of Finance to purchase currency for the replenishment of the Reserve Fund should not affect the market.

The minister believes that the dollarization of the Russian economy has been shrinking. The ruble gradually becomes a currency for savings and transactions.

"The level of dollarization of the economy has decreased. The role of the Russian ruble has been growing inside the country as a currency for savings and settlements. The share of the currency debt is very low," Siluanov was quoted by Prime as saying.

 

 

Comments
Tariq Ramadan: We Choose Justice and the Presumption of Innocence
Tariq Ramadan: We Choose Justice and the Presumption of Innocence
Anglo-Saxons will not let Russia destroy ISIS
Anglo-Saxons will not let Russia destroy ISIS
Anglo-Saxons will not let Russia destroy ISIS
Syria: Who needs Russia's military losses in Deir ez-Zor?
Former Russian MP shares all secrets of the Kremlin with Kiev
Former Russian MP shares all secrets of the Kremlin with Kiev
EU launches expansion for the sake of disintegration
USA toads to Turkey
Tariq Ramadan: We Choose Justice and the Presumption of Innocence
Russia deploys powerful army in the Caucasus to contain NATO
Canadian journalist struck with what he saw in Russia's Sports House in Pyeongchang
Russia deploys powerful army in the Caucasus to contain NATO
Why the West needs strong Russia and strong Putin
Former Russian MP shares all secrets of the Kremlin with Kiev
Oliver Stone's 'Putin Interviews' delayed in Russia
Experts name reasons that led to the crash of the An-148 near Moscow
America always thirsty for more blood that even children can shed
America always thirsty for more blood that even children can shed
America always thirsty for more blood that even children can shed