Select language:

Head of Russias central bank Elvira Nabiullina named best Central Bank Governor in Europe in 2016

 /  / Russkiy Mir Foundation / News / Head of Russias central bank Elvira Nabiullina named best Central Bank Governor in Europe in 2016

Head of Russias central bank Elvira Nabiullina named best Central Bank Governor in Europe in 2016


05.01.2017

Photo: pixabay.com Head of Russias central bank Elvira Nabiullina received the title of the best Central Bank Governor in Europe in 2016, reports RT.

The ranking of best Central Bank Governors was made by the international financial magazine, The Banker. Its experts note that the Russias central bank has been steering the country through the difficulties over several recent years trying to pull Russias economy out of the crisis which was aggravated by the depreciation of the national currency and issues the banking sector experienced. According to the experts, the Russias central bank managed to deal with that and they hope economic growth in Russia will improve in 2017.

According to the Banker, among Elvira Nabiullinas achievements are disinflation and banking sector consolidation. .

It is to be recalled that in 2015 she was named central bank governor of the year by Euromoney magazine.

According to the magazine experts, the Russias Central Bank manages to settle problems caused by the impairment of value of barrel of oil. Besides, she has to run the bank in the conditions of western sanctions introduced against Russia. The edition describes the situation as an ideal storm in Russias economy.

Euromoney notes that Elvira Nabiullina uses conventional but pained methods of monetary policy in order to overcome the crisis.

News by subject

Publications

Traditional Russian clothing is slowly, and imperceptibly to many, returning to everyday use. Even if one doesnt yet hear the creak of valenki along the dirty city snow or notice designs inspired by sarafans on fashionable dresses, this tendency has already been noticeable in design studios and shops for several years now.
The Russian diaspora in the USA has been shaped by several different currents coming from Europe, China, and South America. What brings these people together? Why was there a pressing need to found the Congress of Russian Americans, which sees the fight against Russophobia as one of its main tasks? The President of the Congress of Russian Americans, Natalie Sabelnik, explains.