The Central Bank of Russia expects that the ruble will become a more attractive medium for international settlements in the future. The corresponding statement was made by the deputy chairman of the regulator Alexei Zabotkin.
“Since the ruble will have a high degree of price stability, the ruble in the future will be an increasingly attractive means for international settlements and as a contract currency“, RBC quotes him.
Zabotkin noted that low inflation is needed to use the ruble as the contract currency.
According to him, the Central Bank will do everything possible to return inflation to four percent.
Earlier, Zabotkin said that the reason for the weakening of the ruble last week is the fall in oil prices.
He drew attention to the fact that the processes associated with the national currency play an important role in the rise in prices. According to Zabotkin, every ten percent movement in the exchange rate in six months or a year leads to an increase in inflation by half a percentage point.
