"The Central Bank of Russia’s un-pegging of the ruble from the dollar and euro brings to an end two decades of exchange rate controls. The transition to a free exchange rate means monetary policy in Russia moves to interest rates and inflation targeting.
Experts say, this CBR decision deprives speculators of baselines in the currency market and will stabilize the exchange rate of the ruble against the dollar and euro in the short-term, TASS reports."