The Bank of Russia opposed a fixed exchange rate

According to the regulator, fixing the exchange rate now could be "harmful" to the economy. "A floating exchange rate is the best protection of the economy from external shocks, a stabilizer of the economy," said the director of the Central Bank's monetary policy department.

According to him, economies with a large share of raw materials in the structure of exports have protective mechanisms. They can radically reduce the volatility of exchange rates. One of them is the budget rule.

The introduction of a fixed exchange rate may result in new risks to the financial stability of the country.