The Ministry of Finance and the Central Bank are doing everything for the stability of the ruble, Siluanov said

© RIA Novosti / Alexander Wolfparade in fotomancer of Finance of the Russian Federation Anton Siluanov. Archival photoThe Ministry of Finance and the Central Bank are doing everything for the stability of the ruble, Siluanov said© RIA Novosti / Alexander Wolfparade the image Bank

The Ministry of Finance and the Bank of Russia is doing everything necessary to ensure a stable and predictable exchange rate, said Finance Minister Anton Siluanov.

«We are doing everything necessary to ensure the stability of the exchange rate, for us the most important thing is to avoid extremes, depending on external solutions — whether it’s oil prices, sanctions or even any inflows or outflows of capital. For us — the Ministry of Finance, the government and the Central Bank — it is important to ensure the predictability and stability of the ruble», — the Minister said in the broadcast channel «Russia 24».

In this regard, starting this year, the Finance Ministry said the procedure of buying foreign currency in the framework of fiscal rules and began to buy more foreign currency on the exchange than last year. «This is to ensure that fluctuations in the oil markets less affected by currency fluctuations,» — said Siluanov.

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