Sands has not found grounds to speak about the ruble’s collapse

Sands has not found grounds to speak about the ruble’s collapse

Moscow. January 21. The ruble is volatile, but it’s not the collapse, said the President’s press Secretary Dmitry Peskov.

“I didn’t use the word “collapse”. The course is indeed changing course volatile, but this is not a collapse”, – he told journalists on Thursday.

“There is no reason to believe that the Central Bank there are no scenarios that are designed to avoid really drastic changes. We have a mega-regulator. The Central Bank is closely monitoring the situation and its analyses,” said Sands.

Earlier on Wednesday the dollar exchange rate exceeded 85 rubles, updating the historical maximum, the Euro exceeded 93 rubles, having updated a maximum since December 2014. Russian currency collapses after oil, which is updated daily lows since 2003.

The head of the CBR Elvira Nabiullina said yesterday that the Bank of Russia sees a threat to financial stability of the country, and thus to conduct interventions in support of rouble, yet does not make sense.

“Currently, the market rate adjustment occurs smoothly enough. This contributes to a favorable situation with foreign currency and ruble liquidity. Indicators of financial stability remain normal. The Bank of Russia constantly monitors the situation on financial markets and makes decisions based on the analysis of a complex set of factors”, – said the press service of the Central Bank of the Russian Federation on Wednesday.