Russia could float rouble next year

The rouble may switch to a free float before 2011, a senior official at the country's central bank said at the weekend.

Russia was planning to float the currency, which is now fixed against a dollar-euro basket, in 2011. But Alexey Ulyukaev, a first deputy chairman at the central bank, told reporters on Saturday: "We have a feeling that [a float] could be earlier than 2011."

Ulyukaev said that floating in 2010 would depend on a "normal balance of payments" and an efficient monetary-transmission

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.