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Russian regulator’s new measures to facilitate ruble’s quickest stabilization

December 17, 2014, 18:34 UTC+3 MOSCOW
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MOSCOW, December 17. /TASS/. The Central Bank of Russia is expanding possibilities for the provision of foreign currency funds, which will facilitate the ruble’s quickest stabilization, Central Bank First Deputy Chief Ksenia Yudayeva said in a statement on Wednesday.

“In order to remove the concern of banks and companies over the upcoming foreign debt repayment, the Bank of Russia is expanding possibilities for the provision of funds in foreign currency,” Yudayeva said.

“This measure is set to balance demand and supply on the foreign currency market, which will facilitate the quickest stabilization of the ruble exchange rate,” she said.

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