Russia’s Central Bank head Elvira Nabiullina said there are no grounds to accuse Moscow of manipulating the ruble exchange rate, as she stated.
Nabiullina recalled that Russia has a floating exchange rate. "We don’t use currency interventions to support the ruble exchange rate at a certain level. The Central Bank purchases currencies for the Finance Ministry only under a budget rule aimed at ensuring the economy’s independence from oil prices and not at supporting certain exchange rates," she said in an interview with Izvestia.
"There is absolutely no reason to accuse us of manipulating the exchange rate," the Central Bank chief pointed out.
Bloomberg said earlier, citing sources that the US administration was going to expand the list of countries Washington suspected of currency manipulation. According to the news outlet, Indonesia, Ireland, Malaysia, Russia, Thailand and Vietnam may be included in the list. US President Donald Trump earlier accused the European Union, China and Russia of manipulating their currency rates.
