"We are interested in a predictable exchange rate for the Russian currency. It must be stable, so that our citizens and our businesses would be able to plan its work for at least a short-term and the medium-term perspective. And we will work on it," Medvedev said in an interview broadcast by Russian television on Saturday.
According to the prime minister, at the moment the current exchange rate is close to the real value of the ruble.
Medvedev added that Russia's banking system is stable, banks’ capitals were increased, allowing them to meet all their obligations.
"Our banks were capitalized increased their capitals, they have acquired special securities that allow them to comply with all the capital adequacy standards. And thereby they are able to fulfill all their obligations. Therefore, the banking system is stable," the prime minister pointed out.
The Russian currency lost 46 percent of its value since summer 2014, falling to 67.8 rubles to the dollar in December 2014, amid the continuing decrease in oil prices and the Western sanctions.
However, this year the ruble managed to strengthen its position and climb to 49.8 rubles to the dollar, according to the rate set by the Russian Central Bank on Friday.
