Russian Central Bank Governor Nabiullina says is opposed to Putin's manipulation of rouble

<p>News from the Central Bank of the Russian Federation on thuersday saying that exporters had increased foreign currency sales to $13.9 billion in November from $12.5 billion in October.</p><ul><li>Citing capital controls intended to proper up the local currency, in early October President Putin reintroduced capital controls mandating some exporters convert their FX revenues</li></ul><p>

Finance Minister Anton Siluanov on Thursday said the capital controls were temporary.</p><p>

Central Bank Governor Elvira Nabiullina bravely reiterated her opposition to the controls.

"I am a big opponent of the constant manipulation with currency restrictions", saying the controls may lead to an eventual flow of capital out of the country. :</p><p>USDRUB daily:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *