Russia’s banking system feels stable despite significant change in the ruble’s exchange rate, Central Bank head Elvira Nabiullina revealed on Monday.
“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.
Russian Bank System Stable despite Change in Ruble Exchange rate : Official
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