Monday, February 29, 2016

Russia not considering measures to weaken the rouble - finance ministry



The Russian Finance Ministry stated on Wednesday it turned into no longer discussing measures to deliberately weaken the rouble.

"at the opposite, we're currently operating on measures to consolidate the finances and decrease the federal price range deficit," the ministry press carrier stated in a assertion. "Such measures, within the view of the Russian Finance Ministry, may have a strengthening effect on the rouble."

Senior monetary officers told Reuters in advance on Wednesday authorities had been discussing the possibility of calculating rouble fee stages towards the dollar that might catch up on a few finances losses as a result of tumbling oil export revenues by using stopping the rouble from strengthening too much.

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