Pravda.ru

News » Russia

Russian currency market to stabilize soon, finance minister says

21.02.2014 | Source:

Pravda.Ru

 


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.

 

 

 






Popular photos


Most popular

Russia will shoot down Turkish jets in Syria, Deputy Defense Minister says
Russia will shoot down Turkish jets in Syria, Deputy Defense Minister says
Deputy Defense Minister Anatoly Antonov said that Turkey had refused to confirm its agreement with the memorandum of flight safety in Syria and blocked a telephone hot line prior to the attack on the...
Turkey kills Russian military advisor in Syria - version
Turkey kills Russian military advisor in Syria - version
A Russian military adviser was killed in a mortar attack in Syria on February 1. According to sources in the Syrian army, the shelling could be conducted from the side of Turkey. The shelling of...
Рейтинг@Mail.ru Rambler_s_Top100_Service