VLADIVOSTOK, September 18 (RIA Novosti) - Russia's government and the Central Bank are not trying to contain artificially the strengthening of the ruble, a minister said Sunday.
"Currency exchange policy is directly linked to the market trends," Russia's Minister of Economic Development and Trade German Gref told a news conference in Vladivostok. "Nobody is trying to contain the strengthening of the ruble artificially."
"Those who claim that the dollar is worth 10 rubles today, and those who insist that it should be worth even more, are not correct, to put it mildly," the minister added.
At the same time, the minister said there was a balance between the strengthening of the ruble and inflation. The Central Bank and the government are constantly adjusting this balance, he added.
"It is obvious that the strengthening of the ruble leads to inflation," Gref said. "Although the Central Bank is not attempting to set up an artificial exchange rate for the ruble."
