In the Russian Central Bank explained the reluctance to completely abandon the dollar in reserves. This was told by the head of the Central Bank of Elvira Nabiullin, her words leads TASS.
“We do not intend to completely refuse the dollar,” she admitted. At the same time, Nabiullina clarified that the currency structure of reserves reflects a different kind of risks including an economic nature. The decision on the structure of international reserves of the Russian Federation will consider the change in the structure of the National Welfare Fund (FNB).
“As for our reserves, as I said, we have made the main changes in 2018, and these changes proceeded from the fact that we took into account and profitability, of course, the liquidity of various reserve assets,” RIA leads News The words of the head of the regulator.
Earlier on Friday, June 11, the Central Bank has raised a key rate by another 0.5 percentage point – up to 5.5 percent per annum. The Central Bank explained its decision to the Central Bank, more quickly compared with expectations and forecasts for the restoration of the world and Russian economy, as well as inflation growth.
Press conference Nabiullina put on a brooch in the form of a predator from the Feline family. It may be a hint of inflation rate, which did not stop two previous enhancement of the key rate, and on the further action of the regulator in the issue of tightening monetary policy.
Earlier, Finance Minister Anton Siluanov said that the National Welfare Fund (FNB) would completely get rid of the dollar in the next month. Instead, the share of euro and yuan will grow in the structure, and gold will appear.