Vladimir Putin Quotes About Currency

Quotes about: Currency

• I have criticized it [Europe], but I repeat: we keep 40 percent of our gold and foreign currency reserves in euros, we are not interested in the collapse of the Eurozone, but I do not rule out the possibility of decisions being made that would consolidate a group of countries equal in economic development and this, in my opinion, will lead to a consolidation of the euro. But there can also be some interim decisions in order to keep the present number of members of the Eurozone unchanged.

  Vladimir Putin

  Country, Order, Europe

  Source: thesaker.is

• All issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.

  Vladimir Putin

  Issues, Gold, Regulation

  Source: thesaker.is

• It is very difficult to enter a single currency zone having fairly weak economic parameters and maintain a favourable state of the economy, not to mention positive growth rates. We have witnessed it not only in Europe, but for example in Argentina (nearly 10 years ago or more), when they tied the national currency to the dollar and later they did not know what to do about it.

  Vladimir Putin

  Years, Europe, Growth

  Source: thesaker.is

• The stability of the rate is the main issue and the Central Bank manages to ensure it one way or another. This was finally achieved after the Central Bank switched to a floating national currency exchange rate.

  Vladimir Putin

  Issues, Floating, Way

  Source: thesaker.is

• If everything stops functioning our level will be able to ensure our trade turnover using its gold and foreign currency reserves for at least six months or more, which is more than enough.

  Vladimir Putin

  Gold, Six Months, Levels

  Source: thesaker.is

• We can tell the general public that the gold and foreign currency reserves of the Central Bank are not designed to finance the economy, but rather to ensure foreign trade turnover. Therefore, we need this level to be able to provide the necessary foreign trade turnover for such an economy as Russia's for a period of at least three months.

  Vladimir Putin

  Russia, Gold, Three

  Source: thesaker.is

• Therefore today we have an absolutely sufficient level of gold and foreign currency reserves in order to ensure economic stability and sustainable foreign trade turnover.

  Vladimir Putin

  Order, Gold, Levels

  Source: thesaker.is

• This is also evident in Europe, not the dependence on oil and gas, but the fact that structural reforms are long overdue, and I think that the leading economies are very pragmatic and efficient in addressing the issues facing the European economy. That is why we keep approximately 40 percent of our gold and foreign currency reserves in euros.

  Vladimir Putin

  Thinking, Europe, Oil

  Source: thesaker.is

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