The Central Bank is required to maintain a floating rate regime, said the former Finance Minister of Russia Alexei Kudrin. This means that the ruble will follow the objective conditions in the market, he said.
MOSCOW, 21 Jan. The former head of the Ministry of Finance of Russia Alexey Kudrin is sure that the rouble exchange rate is followed by the objective conditions of the market, specific policies regarding the devaluation the CBR does not conduct.
“I am confident that the Central Bank does not conduct policy, specifically the devaluation of the ruble,” — said Kudrin in an interview with Business FM.
“The Central Bank is required to maintain a floating rate regime, this means that the course will follow the objective market conditions. In this case, the decline in oil prices”, — he added.
The ruble strengthened on Thursday after falling oil prices, the Euro exchange rate has exceeded 92 per ruble, the dollar — ruble 85. The March futures for Brent oil at 12.01 GMT fell by 1.88% to 27,36 dollars per barrel.