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    GOVERNMENT RESIGNATION NOT TO TELL ON BANK OF RUSSIA POLICIES

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    MOSCOW, FEBRUARY 24, (RIA NOVOSTI CORRESPONDENT HELENA FEDOROVA) - The government resignation is not to produce any changes in the central bank's policies, said Oleg Vyugin, the first deputy chairman of the Bank of Russia.

    Policies on the financial and currency markets are the prerogative of the central bank and they will remain such," added Byugin.

    Asked about expected ruble fluctuations as a result of government reshuffle, the central bank executive said: "There is now little room for speculation on the currency market." Vyugin pointed to the recent pressure upon the ruble in favour of its consolidation. "The ruble does not tend to slacken," he said adding that the ruble's current exchange rate suits the central bank all right.

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