Date: 10 months ago   Category: Economy

The Ministry of Finance has explained decline of ruble

Depreciation of the ruble concerning euro and dollar are connected with capital outflow from emerging markets, the Deputy Minister of Finance of the Russian Federation Vladimir Kolychev has said. – That volatility which we see now, it has neither the system, nor structural character, but rather temporary connected with overflows of the capitals in general on the world with developing in developed economies, – quotes the official of RIA Novosti. According to Kolychev, the situation in the foreign exchange market is stabilized together with completion of capital outflow. On Monday dollar exchange rate for the first time since spring of 2016 has grown higher than 70 rubles. Euro trades above marks of 81 rubles. Photo: VSE42.Ru to Share: dollar exchange rate euro exchange rate Ministry of Finance