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The decision to float the ruble was not sudden -- Nabiullina

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18.11.2014

MOSCOW, Nov 18 (PRIME) -- The decision to float the ruble was not sudden, nor premature, Chairwoman Elvira Nabiullina said at a meeting with the State Duma, parliament’s lower chamber, on Tuesday.

“The introduction of a floating ruble rate requires a period of adaptation, we cannot let the rate go abruptly,” she said.

The central bank reserves its right for sudden large-scale interventions on the foreign exchange market, Nabiullina said.

She also added that any limits on foreign currency market speculations prescribed by legislation would be inefficient.

PRIME

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