The Russian central bank’s deputy chairman said, “The Bank of Russia is not taking part in any currency wars. We are a peaceful organization and call our colleagues to peace." He adds: "A currency war is a very dangerous thing and the consequences of losing could be global.”
The ruble is one of the few currencies which is not facing significant strength; nevertheless, it is odd that Russia who has been aggressive in other political ares states that it will not take part in the currency wars.
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