US Treasury Secretary Janet Yellen said that the value of the Russian ruble does not give a correct assessment of the state of the Russian economy. According to her, “Russia’s and the Central Bank’s restrictions on Russians lead to a situation” in which the exchange rate of the national currency is not an indicator.
“You shouldn’t draw conclusions from the value of a currency,” Yellen said.
She explained that “the Russian economy has reeled from the sanctions,” the Russian market is not free, and there are also restrictions on the export of foreign currency and its purchase. Therefore, the established price of the ruble does not reflect its value, concluded Yellen.
Earlier on Wednesday, the euro for the first time since February 21 fell below 87 rubles, the dollar fell to 80 rubles.
See also: “Cash dollars began to be sold under the guise of banknotes” bank of jokes “