russia is ready to act on strong ruble
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Russia is ready to act on strong ruble

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Russia is ready to act on strong ruble

People walk past an exchange office
Moscow - Arab Today

Russia’s economy minister said Friday that authorities expected the ruble to begin weakening soon, but would react if the currency continues to strengthen.
“We consider that the strengthening that we see on the market is short term in character and is not connected to fundamental factors,” Economy Minister Maxim Oreshkin told Russian news agencies a day after meeting President Vladimir Putin.
“Overall we expect that in the near future there will be some weakening of the ruble and then it will stabilize. The government is continuing to follow the situation attentively and will react if necessary.”
The ruble has risen dramatically in recent months and on Wednesday strengthened to fewer than 60 rubles to the euro for the first time since June 2015 as oil prices recovered.
Following Oreshkin’s remarks the currency dropped back to around 62 to the euro and over 58 to the dollar. But at current levels the greenback is still 10 percent lower against the ruble than it was three months ago, and 23 percent lower than a year ago.
Oreshkin said that seasonal factors and an influx of cash from recent privatization deals were to blame for the recent rise but the uptick has still confounded analysts.

Source: Arab News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russia is ready to act on strong ruble russia is ready to act on strong ruble

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russia is ready to act on strong ruble russia is ready to act on strong ruble

 



GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 10:55 2018 Wednesday ,10 January

Trump marijuana policy reversal stokes fears

GMT 07:13 2017 Monday ,03 July

Qatar should comply with previous commitments

GMT 10:30 2017 Sunday ,05 March

7 police killed in North Afghan attack

GMT 21:38 2017 Wednesday ,22 March

263 tourists visit Saint Catherine over past 24 hours

GMT 18:24 2018 Monday ,15 January

France's Vinci lands 25-yr Belgrade

GMT 18:03 2012 Friday ,07 September

Michelle Obama speech expected

GMT 17:56 2017 Thursday ,03 August

Army hits Saudi military gatherings in Asir, Najran

GMT 04:58 2013 Wednesday ,29 May

6 suicide attackers killed in Afghanistan

GMT 02:50 2016 Friday ,16 December

Exiled Abbas rival handed 3 years for corruption

GMT 09:10 2013 Tuesday ,26 February

8 militants killed, 12 detained in Afghanistan

GMT 01:36 2017 Tuesday ,25 July

One killed, two injured in traffic accident

GMT 07:34 2011 Friday ,17 June

Amount of confiscated narcotics jumps this year
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice