Nabiullina denied problems with currency on the Russian market

The Central Bank (CBR) of the Russian Federation does not observe difficulties with the supply of currency on the Russian market. The corresponding statement was made by the head of the Central Bank of Russia Elvira Nabiullina on Friday, February 14.

"So far we do not see any problems with the supply of currency on the market and monitor the sale of foreign currency earnings by exporters - it is not decreasing," she said during a press conference on the key rate.

Thus Nabiullina answered the question whether the Central Bank considers the risk of a strong decline in export earnings in the coming months.

The head of the regulator explained that the reasons for the decline in export earnings may be different. For example, it may be due to the development of processes of the global economy, fragmentation, trade wars. Nabiullina added that all this is considered by the agency as part of the "risk scenario".

"We present a risk scenario every year, and it takes into account, among other things, the risks of reducing export revenues," she concluded.

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Earlier in the day, the Central Bank head said that the factors that will contribute to slowing inflation in Russia are gaining momentum. According to her, the already gained tightness of monetary conditions may be enough to slow inflation in the coming months.