Russian Central Bank Expects No Sharp Fall of Ruble

Russian ruble banknotes of different denominations
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The Russian Central Bank does not expect a sharp devaluation of the ruble in the near future, Central Bank Head Elvira Nabiullina said Saturday.

Commenting on the potential headaches stemming from the dramatic fluctuations in the value of the Russian ruble, an executive from one of China's big-four state banks told Sputnik that as far as Chinese investors are concerned, so long as it continues to allow them to earn, the ruble will remain a good currency. - Sputnik International
World's Largest Bank Unfazed Over Ruble's Volatility
MOSCOW (Sputnik) — Oil price drop, necessity of foreign debt payments, along with limited access to global financial markets for Russian companies and banks resulted in a sharp depreciation of the ruble at the end of 2014.

"Of course, we don't expect such factors [to occur] in the near future," Nabiullina told Rossiya-24 TV channel.

She added that the ruble volatility would be decreasing soon.

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