Central Bank Expects No Further Weakening of Russian Ruble - Bank Head
Friday, 11 September 2015 15:48
Central Bank Expects No Further Weakening of Russian Ruble - Bank Head

15:48 11.09.2015(updated 16:59 11.09.2015) Get short URL

MOSCOW (Sputnik) The Russian Central Bank does not expect the ruble to weaken more in the future, Central Bank head Elvira Nabiullina said Friday.

“We don’t see a trend for the further weakening of the exchange rate [of the ruble], we don’t have a heightened volatility, including what’s tied to the high volatility of oil prices,” Nabiullina said at a press conference.

She said there was a trend in December 2014, but as of September 2015, she does not see the ruble weakening.

The ruble lost half its value late last year due to the global drop in oil prices and Western sanctions imposed on Russia, but regained some value this spring.

In the past months, the ruble's value has been cycling between 50-70 rubles per US dollar.

2015Turkey police raid Istanbul media group

Image copyrightReutersImage caption Turkish police raided the headquarters of the Koza-Ipek media group, which owns the channel Kanalturk TV Turkish police have stormed the headquarters a media group linked to US-b [ ... ]

2012Violence in Madrid as police charge protesters

Baton-wielding police fired rubber bullets at demonstrators who had tried to surround the country's parliament buildingViolence flared on Tuesday in the centre of Madrid as baton-wielding police charged crowds and fired rubber bullets at demonstrator [ ... ]

2012Spain jobless rate hits new high

26 October 2012 Last updated at 10:06 GMT The unemployment rate in Spain is the highest in the eurozoneAbout a quarter of people in recession-hit Spain are unemployed, new figures have shown. The unemployment rate rose to 25% in [ ... ]

source: http://sputniknews.com/russia/20150911/1026875612.html

source: http://www.rusbg.com/en/central-bank-expects-no-further-weakening-of-russian-ruble-bank-head.html


Classified Ads

Classified Ads