Russian Central Bank chairman Sergei Ignatiev believes that the changed rate of the dollar against the euro and other foreign currencies "will have very little effect" on Russia. He was speaking on Wednesday, replying to questions by journalists. He recalled that "such fluctuations are happening all the time". "Over the past few years the dollar has been firming against the euro. In recent months we see the opposite process, while in the past few days this trend stopped and there is some consolidation of the dollar in relation to other foreign currencies," Ignatiev recalled.
The Central Bank governor said that "the Russian rouble is all-right". In Ignatiev's view, the average annual price of one dollar will be 31.5 roubles.
Explaining a recent drop in the dollar's rate against other currencies, the bank chairman noted that the US is the "scene of some unpleasant events surrounding leading companies", and trust in them, including on the part of foreign investors, has fallen. "This had its effect on the inflow of capital into the American economy," Ignatiev said.
Russia has left the list of 33 largest holders of US government bonds, after the country disposed of at least a third of remaining bonds