Home / Quotes / Quote by Vladimir Putin

Quote by 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.”

Quote by Vladimir Putin

Author

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

You May Also Like

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

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

“All issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.”

Ifs Stills Difficult Issues Gold Reactions Selling Related Regulation Currency Reserves Central Banks Purchasing

Author:Vladimir Putin

“Let us not forget that we have two governmental reserve funds: the Reserve Fund and the National Wellbeing Fund that represent together $100 billion.”

Two Together Forget Billions Fund Reserves Wellbeing

Author:Vladimir Putin

“We do not have to borrow in the external market, but we have used and are using this traditional instrument in international financial relations.”

Used Relation Instruments Financial International Traditional

Author:Vladimir Putin

“We have issued financial instruments in the past, and there is a strong demand for them, it is simply unnecessary now.”

Past Strong Demand Instruments Financial Unnecessary

Author:Vladimir Putin