Russia Picks New Monetary Policy Chief as Currency Plummets
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Russia’s central bank replaced its head of monetary policy after President Vladimir Putin criticized the failure of emergency measures to halt ruble’s decline.
Dmitry Tulin, a former central bank official who also worked at the International Monetary Fund and Deloitte LLP, will take on Ksenia Yudaeva’s role as first deputy governor in charge of monetary policy, the Bank of Russia said in a statement yesterday. Yudaeva, who remains a first deputy to Governor Elvira Nabiullina, will focus on forecasting, strategy and financial stability, she told reporters in Moscow.