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Russian National Bank Underlines Stability of Ruble

Published: August 24, 2013; 19:58 · (Vindobona)

Russian National Bank emphasizes that the Russian ruble will not devalue.

Russian National Bank Underlines Stability of Ruble / Picture: © Flickr

According to market rumors, Russian National Bank considers weakening the ruble. In an official statement, Russian National Bank underlined that the Russian currency remains strong and stable. Sergei Shvetsov, director of the financial market service department, commented that the rumors of the devaluation are “largely exaggerated”. Shvetsov underlines that the decline against the…

This article includes a total of 163 words.

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