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Predictable ruble exchange rate vital for Russia’s Finance Ministry — minister

"We need the ruble's exchange rate to remain predictable," Finance Minister Anton Siluanov said

MOSCOW, July 31. /TASS/. Predictable exchange rate of the ruble is critical to Russia’s Finance Ministry, Finance Minister Anton Siluanov said in an interview with TASS.

"We need the ruble's exchange rate to remain predictable. This is crucial for both people and businesses. You will say that the budget likes the weak ruble because we have additional revenues. That is true. However, we must not forget that the exchange rate affects inflation, and controlling inflation is a top priority for the government and the Bank of Russia, because it mainly affects the most vulnerable groups of the population," the minister said.

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