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Russian Bank System Stable despite Change in Ruble Exchange rate : Official

Posted by: admin in Business, World News Comments Off on Russian Bank System Stable despite Change in Ruble Exchange rate : Official

Russia’s banking system feels stable despite significant change in the ruble’s exchange rate, Central Bank head Elvira Nabiullina revealed on Monday.

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Russia’s banking system feels stable even under considerable changes in the ruble’s exchange rate, Central Bank head Elvira Nabiullina said Monday. © RIA Novosti. Ruslan Krivobok

 

“Even under the considerable changes in the falling exchange rate [of the ruble], our banking system feels quite stable,” Nabiullina said during an interview on Russia’s Rossiya-24 television.

She added that Russia has a solid currency buffer especially for the short-term situation.

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