Russia may float currency rates in future

Russia's central bank first deputy Oleg Vyugin said on Tuesday 2 December that it will be two years, at the earliest, before Russia can switch to floating currency rates. "We must see whether it is effective, evaluate residents' practical confidence, and see that liberalization does not lead to a massive capital outflow," he cautioned.

Source: UPI

Russia may switch to floating currency rates in two years at the earliest, but not before it is sure its stabilization fund offers adequate protectio

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