Russian Bank System Stable Even With Substantial Change in Ruble Exchange Rate: Official

2014/11/10

MOSCOW, November 10 (RIA Novosti) – Russia’s banking system feels stable even under considerable changes in the ruble’s exchange rate, Central Bank head Elvira Nabiullina said Monday.


“Even under the considerable changes in the falling exchange rate [of the ruble], our banking system feels quite stable,” Nabiullina said during an interview on Russia’s Rossiya-24 television.


She added that Russia has a solid currency buffer especially for the short-term situation.



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