Friday, October 24, 2014

Russia is in crisis currency – rmf24.pl

From the beginning, the ruble depreciated by about 25 percent – said the newspaper “Vedomosti.” The newspaper points out that in the financial world fall in value of the currency by more than 20 percent per annum is considered a currency crisis. Today on the Moscow Interbank Currency Exchange for the first time in the history of the euro exchange rate against the ruble crossed the psychological threshold of 53 rubles per 1 euro.

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/ RMF FM / Archive RMF FM

Also to the American Russian currency fell to its lowest level in history – for 1 dollar paid 41.97 rubles.

Bank of Russia, which is the central bank of the Russian Federation, intervenes trying to halt the decline in trading currency. From morning has expanded four times the allowed band of fluctuation of the ruble, which means that it has sold in the market at least $ 1.4 billion. Yesterday, the stock market dropped $ 2.8 billion.

Analysts explain the situation on the currency market rumors that the rating agency S & amp; P could lower the rating tonight the Russian Federation from the current BBB to junk.

strong pressure on the ruble exchange rate has also a shortage of currency in the Russian market, which is a result of economic sanctions imposed on Moscow by the West because of its policy towards Ukraine. The course of the Russian currency affects the decrease in crude oil prices on world markets.

currency-ore reserves of Russia have already fallen to their lowest level in 4.5 years. As of October 17 amounted to 443.8 billion dollars. Within a week decreased by 7.9 billion dollars.

(rs)

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Russia is in crisis currency – rmf24.pl

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