Moscow-Sana
MOSCOW - Russia is not planning to borrow from foreign financial markets this year and will not borrow in dollars in 2020, Finance Minister Anton Selwanov said.
"Next year, Russia will borrow in other hard currencies, not in dollars. This year we have no plans to enter the external financial borrowing market," Siluanov, who is the first deputy prime minister, was quoted as saying on Monday. Borrowing is made in Euros or Chinese Yuan depending on the circumstances.
In a related context, warned the President of the Russian Central Bank Elvira Nebiulina of the danger of printing currency randomly in order to stimulate economic growth, said: "We believe that the printing of currency random will not help economic growth, but will hinder it a lot."
Speaking at the Seventh International Banking Forum in Sochi, Nebulina said other sources of financing, attracting population savings and structural and methodological reforms should be sought, adding that Russia has a share of credit in the economy at a medium level but there are not enough direct investments and various investment instruments such as IPO.
She pointed to the "danger of equality of national classifications with international classifications" and said that "the proceeds of federal loan bonds are not linked at all to Russian national classifications."
Follow the latest news through the Telegram app on smartphones via the link:
https://telegram.me/SyrianArabNewsAgency
Follow our page on the social networking site VK at:
http://vk.com/syrianarabnewsagency
