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RUSSIA'S ECONOMY

Russian Central Bank chief does not expect ruble’s devaluation

© Anton Vergun/TASS

MOSCOW, October 12. /TASS/. Russia’s Central Bank Chief Elvira Nabiullina does not expect the ruble’s devaluation.

"Not expected," she said when asked whether the ruble’s devaluation is expected for Russia.

The ruble’s devaluation began in the second half of 2014 as it dropped 2.2-fold versus the dollar in June-December. However, starting February 2015, the ruble reversed to growth and rose by 30% versus the dollar by May 2015. In May 2015, the US currency reversed to growth. The dollar’s exchange rate has risen from 49 to 62.5 rubles since mid-May 2015.

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Central Bank of Russia Currency

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Ukrainian lawmaker Bezuglaya calls out ‘catastrophic situation’ in country’s army

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Israeli minister’s suggestion of nuclear strike on Gaza raises questions — Russian MFA

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BRICS to consider expanding group in 2025 — Lavrov

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Attacks on reserves and Ukrainian losses: situation in Kursk Region

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Former CIA, Pentagon chief describes incursion into Kursk as Kiev’s ‘strategic mistake’

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New Russian combat equipment in 2024

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Russian forces liberate settlement of Vishnyovoye in Donetsk People’s Republic

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The Minister of Agriculture Oksana Lut and the Governor of the Altai Territory Viktor Tomenko will make a report

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Russian diplomat slams Moldova’s election as most undemocratic in country’s history

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