Reuters
The President of the Russian Central Bank, Elvira Nabiulina, spoke in a television interview today, Monday, about the parties benefiting and losing out from the decline of the Russian currency, the ruble, against the dollar.
The banking official said that the population in Russia needs the Russian ruble to be strong, while the interest of exporters in Russia is spent in a weak national currency, while the central bank prefers a price determined by the market (floating exchange rate).
She indicated that the current situation surrounding the Russian ruble is not normal, referring to its decline in the past months against the dollar.
The Russian currency is now trading at the level of 73.75 rubles per dollar, after the dollar was equal to 62 rubles at the beginning of this year.
Source: Novosti
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