Nabiullina announced the Central Bank's attempts to prevent the economy from returning to the 90s

The monetary policy of the Bank of Russia is aimed at preventing a repeat of the economic crisis of the 90s. On October 30, the head of the Bank of Russia, Elvira Nabiullina, said this at a plenary session of the State Duma.

"Although the majority of those sitting in the building are in this situation (hyperinflation. — Ed.) I know it firsthand, in the 90s we drank it in full. And you remember perfectly well what happened with economic growth, with investments, and whether there was long—term ruble lending back then," Nabiullina said.

According to her, in those years the country was experiencing a "total dollarization" of the economy and financial system. Nabiullina noted that given the current overheating of the economy and the imbalance of supply and demand, it is important to prevent a repeat of those events.

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Earlier in the day, Nabiullina said that the ruble is becoming more attractive for savings. According to her, the key rate slows down inflation through the strengthening of the ruble.

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