'No change' to rouble exchange policy

RUSSIA - The new chairman-designate of Russia's central bank yesterday moved swiftly to reassure the financial markets that there would be no change to rouble exchange rate policy, while hinting at greater transparency in the management of his institution.

Sergei Ignatiyev stressed his opposition to the devaluation of the rouble and said the central bank would intervene to neutralise the effects of any currency speculation in interviews published yesterday in the Vedomosti and Vremiya Novostei

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