Transfer of Ruble to Floating Exchange Rate in 2015 Unharmful: Russian Minister

2014/10/22

MOSCOW, October 22 (RIA Novosti) – Russia’s Central Bank transferring the ruble to a floating exchange rate beginning in 2015 will not serve as an additional factor in weakening the country’s national currency, Economic Development Minister Alexei Ulyukayev said Wednesday.


“In my understanding, the ruble is already a floating currency. I don’t think that anything will change in principle,” Ulyukayev said.



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