Russian Central Bank to stop regulating real ruble rate
MOSCOW, November 10 - The Central Bank of Russia could end regulation of the real effective exchange rate of the ruble in the next three to five years, Chairman Sergei Ignatyev said Thursday.
"In the next three to five years, [the Bank] could relinquish the obligation to regulate the real effective exchange rate of the ruble and adopt a system of inflation targeting and a floating exchange rate for the ruble," he said.
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