Bunning: Ruble's New Era Gives Russia Flexibility

The video discusses the economic transitions in Russia from the late 1980s to the present, focusing on the stability of the ruble and the role of the Central Bank of Russia (CBR). It highlights the economic uncertainty during the Yeltsin years, the stability under Putin, and the impact of oil prices. The ruble's current floating exchange rate allows it to respond to Russia's economic fundamentals, providing flexibility. The CBR's prudent management, including interest rate adjustments, helps stabilize the currency and manage inflation, despite domestic challenges.

What significant events occurred in Russia after 1989 that contributed to economic uncertainty?

How did the financial crisis impact the stability of the ruble during the Yeltsin years?

What role did oil prices play in the economic stability of Russia in the early 2000s?

In what ways can the ruble's exchange rate flex in response to Russia's economic fundamentals?

What measures has the Central Bank of Russia taken to manage the currency in recent years?