Deputy Chairman of the Bank of Russia: the money will be more expensive oil is cheaper – BBC Russian

Deputy Chairman of the Bank of Russia: the money will be more expensive oil is cheaper – BBC Russian

• January 14, 2015

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The main decline in oil prices has already occurred, believes the first Deputy Chairman of the Russian Ksenia Yudaeva Barca. She said this at the VI Gaidar Forum in Moscow, reports BBC BBC.

The same applies to the exchange rate, said Yudaeva.

“The stabilization will occur in the first and second quarter,” – she predicts.

“There has been a process of transition to a new reality. We are in a period that the oil will be cheaper, and the money will be more expensive,” – said the first deputy chairman Russian Federation.