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Quote by Vladimir Putin

“The Central Bank has a lot to handle and it is best not to interfere with its competence.”

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Vladimir Putin is the President of Russia, born on October 7, 1952. Since 2000, Putin has served multiple terms as the President of Russia, profoundly impacting the political, economic, and social development of the country. more

“My position is that the rate should align with the level of economic development. Because it is always about a balance, a balance of interests, and it should reflect this balance. A balance between those who sell something across the border and those who benefit from a low rate, as well as a balance between the interests of those who buy, who need the rate to be higher. A balance between national producers, for example, agricultural producers who are interested in it.”

Needs Should Wells Interest Levels Economic Example Position Development Balance Higher Benefits Lows Sells Rate Producers Borders Economic Development

Author:Vladimir Putin

“Here we have 40 million Russian citizens involved in the sphere of agriculture one way or another. This is very important.”

Way Important Millions Citizens Involved One Way Spheres Agriculture

Author:Vladimir Putin

“We should not forget either about the interests of the regular consumers who need the prices in supermarkets to be a little bit lower.”

Needs Should Littles Bits Interest Forget Little Bit Consumers Supermarkets

Author:Vladimir Putin

“Therefore, let me reiterate that the rate should not meet the interests of a specific group or one or two groups, it should meet the fundamental development interests of the economy itself.”

Should Two Interest Economy Groups Development Let Me Fundamentals Rate

Author:Vladimir Putin

“I simply noted that one of the groups, especially exporters, would prefer to have a weaker rouble.”

Groups

Author:Vladimir Putin

“The Central Bank is constantly purchasing, purchasing and selling and vice versa - this is their job.”

Jobs Vices Selling Vice Versa Central Banks Purchasing

Author:Vladimir Putin

“I know very well about the necessary level of reserves of the Central Bank as well as the purpose.”

Knows Wells Purpose Levels Reserves Central Banks

Author:Vladimir Putin

“We can tell the general public that the gold and foreign currency reserves of the Central Bank are not designed to finance the economy, but rather to ensure foreign trade turnover. Therefore, we need this level to be able to provide the necessary foreign trade turnover for such an economy as Russia's for a period of at least three months.”

Needs Able Three Levels Economy Months Periods Gold Trade Russia Finance Currency Reserves Three Months Central Banks General Public Turnover Foreign Trade

Author:Vladimir Putin

“If everything stops functioning our level will be able to ensure our trade turnover using its gold and foreign currency reserves for at least six months or more, which is more than enough.”

Ifs Enough Able Levels Months Six Gold Trade Currency Reserves Six Months Turnover

Author:Vladimir Putin

“Therefore today we have an absolutely sufficient level of gold and foreign currency reserves in order to ensure economic stability and sustainable foreign trade turnover.”

Today Order Levels Economic Gold Trade Sufficient Stability Currency Reserves Turnover Economic Stability Foreign Trade

Author:Vladimir Putin

Quote by Vladimir Putin

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