Russian President Vladimir Putin’s speech at the APEC summit about supporting the national currency and Central Bank President Elvira Nabiullina’s disbanding of the old mechanism of currency policy has improved the position of the ruble. A dollar costs 45.22 rubles, a euro 56.54 rubles.
The Central Bank has stopped focusing on the limits of the bi-currency basket and ended compulsory interventions on the limits. The Central Bank will now start interacting with the currency market when it needs to.
Allocation of rubles to banks will be temporarily restricted. The Central Bank will make sure the liquidity of the ruble will finance the economy.
Russian President Vladimir Putin’s speech at the APEC summit about supporting the national currency and Central Bank President Elvira Nabiullina’s disbanding of the old mechanism of currency policy has improved the position of the ruble. A dollar costs 45.22 rubles, a euro 56.54 rubles.The Central Bank has stopped focusing on the limits of the bi-currency basket and ended compulsory interventions on the limits. The Central Bank will now start interacting with the currency market when it needs to.Allocation of rubles to banks will be temporarily restricted. The Central Bank will make sure the liquidity of the ruble will finance the eco
