Putin: Cbank, government ensure ruble’s predictability, stability

MOSCOW, Oct 29 (PRIME) -- The central bank and the government are able to ensure predictability and stability of the ruble, President Vladimir Putin said on Thursday during the Russia Calling! forum.

“We maintain stability from the point of view of fluctuations of our national currency, and the central bank takes cautious measures to maintain stability of the national currency’s exchange rate. As I see it, the rate itself is not important, but predictability of this rate is. And the central bank achieves that in general together with the government,” he said.

It is absolutely unclear what will happen with exchange rates of the U.S. dollar if former Vice President Joe Biden wins the presidential race, but the Russian authorities should maintain the ruble rate in any case.

“It is extremely important, and we hope that we will be able to keep these positions within the country in spite of all possible changes in the U.S.,” Putin said.

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