MOSCOW. Aug 7 (Interfax) - Russian Deputy Prime Minister and Finance Minister Alexei Kudrin has completely denied any possibility of ruble devaluation or default on foreign debts in 2003.
"I am ready to say today that we will not have any default or devaluation
that would reduce citizens' savings and make people transfer them into dollars or euros," he told journalists on Wednesday.
Kudrin stressed that in 2003, there will be no devaluation of salaries, and they will be indexed for inflation. The minister said this will be possible due to the balanced 2003 draft budget.