GORKI, December 16 (Sputnik) – The Russian government and the Bank of Russia discussed the domestic currency’s troubles Tuesday and outlined a series of measures to stabilize the situation, the Russian Minister of Economic Development said.
The Russian ruble, which experienced its biggest slump since the 1998 default Monday, continued its nosedive Tuesday, trading at 80 rubles to the dollar and 100 to the euro.
“We… have discussed the current very difficult situation on the domestic currency market and on the financial market in general and have outlined a series of measures that should contribute to stabilizing the situation," Alexei Ulyukayev told reporters.
"We think that, of course, the current exchange rate does not correspond to fundamental macroeconomic conditions," he went on.
