There is no reason to fear major fluctuations in the dollar exchange rate against other world currencies, primarily euro, Aleksander Livshits, Vice President of Russian Aluminium Co., told a news conference Friday. A mechanism providing financial stability of the Great Seven countries has proved to be real powerful and efficient, said Livshits who has just returned from a business trip to the USA. With the World Trade Center in New York being ruined, a total of over $23 billion in transactions have turned out to be frozen. The G-7, however, helped the situation by promptly using their assets and restoring the world's financial flows. The dollar-euro exchange rate will soon be at its pre-September 11 level, forecast Livshits. There are no grounds for acute fluctuations in the rouble rate either, he summed up.
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