The Bank has called out resolution on Ukraine to strengthen the ruble
MOSCOW, 13 Mar RIA Novosti/Prime. CBR explains the February strengthening of the ruble, among other things, expectations of the settlement of the situation in Ukraine and the depreciation of the Euro.
"After the January devaluation of the ruble in February was observed strengthening of things and among them was influenced by expectations of the settlement of the situation in the East of Ukraine. An additional factor in the decline in the ruble value of the dual currency basket in February 2015 was a significant decrease in the Euro against the U.S. dollar associated with the ECB decision about the launch of quantitative easing in the Eurozone ", - reported in the quarterly report, the Bank of Russia on monetary policy.
Contribution to the strengthening of the ruble made and the downward trend in demand of citizens of the Russian currency." inaccurate reports, the purchase of cash foreign currency by the population in January-February 2015 very quickly decreased in comparison with December 2014, " - emphasizes the Central Bank.