Nechayev: The Central Bank is doing everything right, but with a delay

According to former Economy Minister Andrei Nechayev, in this situation, the Central Bank of Russia is doing everything right, but with some delay.

"The main problem in connection with the fall of the ruble is the sharp decline in confidence in the national currency in the face of the Central Bank. Now it is important to try to make the dynamics of the ruble stable, or if not, then at least predictable and understandable for the market," RIA Novosti quotes Nechayev.

Now it is necessary "to bring down the panic, demand and hype." "It seems to me that to do this the Central Bank must take decisive steps and series of measures, and not to use separate tools. The Central Bank is doing everything right, but with a slight delay," Andrei Nechayev concluded.

As of 18:51 the dollar exchange rate of the ruble is 72.3 rubles, and the euro - 90.23 rubles.