MILAN, October 17 (RIA Novosti) – Russia's Central Bank will use elements of a fluctuating exchange rate to support the national currency and will not "burn" its reserves, Russian President Vladimir Putin said Friday.
"Russia's Central Bank will pursue a balanced financial policy. This means that it will use elements of a floating exchange rate and will not recklessly burn its reserves," Putin told journalists after meeting with Ukrainian President Petro Poroshenko in Milan.
"However, the reserves are not enough to make adjustments to the national currency level. I do not see any possible dramatic changes here. I am confident that with the adjustment of the oil prices, [the bank] will also adjust the rate of the national currency, the rate of the ruble," Putin added.
No comments :
Post a Comment