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12 Apr, 2008 09:39

Dollar will soon stabilise: Russia's Finance Minister

Finance officials from the world's top economic powers, meeting in Washington, have put forward a plan to bail out troubled credit markets. The measures include making the financial markets more transparent and improving oversight.

Russia's Finance Minister Aleksey Kudrin, who's attended the meeting, believes that oil prices include a speculative component and may slide, adding risks for the Russian stock market.

Kudrin also said that he's expecting the dollar to staibilize and reverse its recent falls.

“The dollar falling period will soon be over. Even if it continues to drop for some time, this will only improve its chances for a rebound. For instance, the forecast we use for planning Russian economy says the dollar is going to stabilize and start growing gradually,” stressed Kudrin.