Russian Ruble Not to Face New Devaluation - Central Bank Governor

The Russian currency will not be devalued, as during the 2014 crisis, Governor of the Bank of Russia Elvira Nabiullina said Wednesday.

MOSCOW (Sputnik) — The official ruled out the possibility of the new devaluation, answering a corresponding question at the Russia Calling! investment forum in Moscow.

In recent years Russia's economy has suffered a slowdown due to a dramatic decline in oil prices and geopolitical tensions, including Western sanctions imposed on Moscow on the pretext of the Ukrainian crisis.

In 2014, the ruble significantly decreased in value against the dollar. The most dramatic decrease was registered in December, when the official USD/RUB exchange rate reached 67,79 on December 18 up from 32.65 on January 1, 2014. The Russian currency has slightly reevaluated since then.