The former head of the people’s Bank of China noted the efforts of the Central Bank of Russia in the situation with the ruble

© RIA Novosti / Natalia to Seliverstova in fotobanka the building of the Central Bank of the Russian Federation. Archival photoThe former head of the people’s Bank of China noted the efforts of the Central Bank of Russia in the situation with the ruble© RIA Novosti / Natalia to Seliverstova the image Bank

The Central Bank of Russia is coping with the situation around ruble, said RIA Novosti former head of the people’s Bank of China (Central Bank) Zhou Xiaochuan.

«Recently, the ruble due to various factors somewhat devalued, but I believe that the Central Bank of Russia a very good job with this, can slow the fall. I think it (volatility – ed) is a common phenomenon,» said Zhou Xiaochuan East economic forum.

He also expressed confidence in the future of the Russian currency.

«Between our people’s Bank of China and the Central Bank of Russia is the swap agreement, and we have confidence in the ruble,» said Zhou Xiaochuan, who led the Chinese Central Bank for 15 years, until March 2018.

Fourth Eastern economic forum will be held at the site of the far Eastern Federal University campus on the Russian island on September 11-13. MIA «Russia today» is the General information partner of the WEF.The former head of the people’s Bank of China noted the efforts of the Central Bank of Russia in the situation with the rubleIV international economic forum

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