Date: 6 days ago   Category: Economy

Payments in national currencies significantly won't affect ruble exchange rate, Oreshkin - RIA Novosti, has said 11/9/2018


Minister of Economic Development of the Russian Federation Maxim Oreshkin. Archival photo
MOSCOW, 9 Nov — RIA Novosti. The Minister of Economic Development of the Russian Federation Maxim Oreshkin has said that payments in national currencies won't have significant effect on ruble exchange rate. © AP Photo/Andy Won In China have suggested to conduct calculations with Russia in national a valyutakhrossiya and China conduct negotiations on transition to payments in national currencies. According to Oreshkin, it is necessary to create the system of calculations convenient for agents of both parties now. According to the minister, it is necessary to simplify regulation, somewhere at the first stage to give to the state a certain support of liquidity of exchange transactions.© RIA Novosti / Alexey Vitvitsky to Pass into an image bank Turkey intends to pass to payments in national currency with Russia "It is necessary that the Russian company which buys something in China or the Chinese company which buys something in Russia could make with the minimum costs conversion without use of the third currencies because with them always additional costs" — Oreshkin has noted. On a question whether it can affect ruble exchange rate, Oreshkin has answered: "Significantly not. Ruble — in general steady currency. Much stronger the course is influenced by macroeconomic policy regarding inflation targeting and the budgetary rule which is pursued at us in the country" — the minister has told.

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