Russian central bank deputy governor says situation on currency market is balanced

Author: Justin Low | Category: News

Russian central bank deputy governor, Ksenia Yudaeva comments


She also adds that the situation is fairly stable. Adding that the central bank does not intervene in the FX market unless there are risks to financial stability.

I believe the latter is the right move, but I would argue that her definition of "stable" is not something people around the world would agree with.

The Russian ruble was only down by 0.14% against the US dollar as of 5 April. Put in the announcement of US sanctions over the last two weeks and the currency is now down by 7.5% against the greenback.

Well, if you haven't changed money for the World Cup I'd say this is a fairly good time to do so. :)