The government never will tell that prepares devaluation of ruble or that devaluation already began. However the experts observing how from the second half of May the dollar and euro quickly grow, consider that devaluation goes. Today falling of national currency proceeded, and the dollar reached level 32,4, and euro – 42,98. For decrease in a course the Central Bank and should do nothing: it is rather simple not to interfere with the auction on MICEX and not to throw out on them revenue of expo…
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CBR: the ruble will not lose value if oil trades
CBR board chairman Sergei Ignatiev is confident that the country would experience no devaluation provided that crude trades at the present level, he noted at the 22nd International Banking Congress in Saint Petersburg, a Banki.ru correspondent reported.“If oil prices stay where they are now, I greatly doubt that the ruble will continue to lose ground going forward," Ignatiev told journalists, adding, “most likely the opposite will take place”.The CBR chairman emphasized that presently the ruble’…
Finance Ministry Will Deprive Ruble Of Support from Month-end
The Russian ruble will lose its usual support from monthly tax payments after the finance ministry starts buying foreign currencies on the open market to boost liquidity, Russia's deputy finance minister said Thursday.The ruble usually firms towards the end of every month as export-focused companies convert dollar and euro revenues into rubles to meet local tax duties. In the second half of 2013 however, the finance ministry will deprive the ruble of such support as it plans to start converting …