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No reason for dollar to surpass 80 rubles — Central Bank head

February 09, 2015, 9:59 UTC+3 MOSCOW
The head of Russia's Central Bank Elvira Nabiullina says there are no big factors that would influence the depreciation of the ruble
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Elvira Nabiullina

Elvira Nabiullina

© Anna Isakova/State Duma press service/TASS

MOSCOW, February 9. /TASS/. The head of Russia's Central Bank Elvira Nabiullina sees no reason for the dollar rate to increase up to 80 rubles, she said at an interview with Russia's Channel One on Monday. "I see no reason for such big jumps," Nabiullina said.

Earlier Nabiullina said that Russia's Central Bank does not see an objective reason for ruble devaluation, but rather predicts it’s strengthening.

"We don't see any big factors that would influence the depreciation of the ruble. The decline in oil prices, which was the third largest in 40 years, of course affected the exchanged rate," she explained.

Nabiullina added that the ruble was also affected by the debt payment of the corporate sector.

According to the Central Bank, the ruble exchange rate fell by 27.2% during 2014, and by 13.5% during December 2014.

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