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Date: 9 months ago   Category: Finances

How has ruble depreciation affected moods of Muscovites?


Experts advise not to give in to panic in connection with the next falling of rate of national currency and not to hurry to invest in dollars or euro the Photo: Sergey of Fadeichev/TASS Ruble continues to become cheaper. On August 22 euro exchange rate for the first time since April rose in the moment higher than 79 rubles, dollar exchange rate jumped up higher than 68 rubles. The reasons of depreciation of the Russian currency — renewal of purchases of currency by the Central Bank for the Ministry of Finance the accelerated rates after almost week break and also fear of investors about new sanctions, the head of operations in the foreign exchange and monetary market of Metallinvestbank Sergey Romanchuk considers. Whether it is worth buying now or, on the contrary, to sell currency? Just it is better to wait, Romanchuk the head of operations in the monetary and foreign exchange market of Metallinvestbank "Says ekspert:sergy if you have the Russian consumer basket, maybe, and it is worth selling. On the other hand, if the consumer basket and the purpose of savings is generally goods and services which are made abroad, then it is possible not to twitch, continue to sit in currency. I, frankly speaking, wouldn't recommend to give in to panic now and to buy dollar and euro for ruble simply because they grow. The attempt now to prospekulirovat, most likely, for the vast majority of retail investors can end with failure. The turn can occur at any time, and will offensively look at the falling dollar exchange rate and ruble". Business FM has decided to find out how ruble depreciation has affected moods of Muscovites. The editorial office has rung round several exchange offices in different districts of the capital to find out whether there is an excessive demand and whether there are enough cash dollars and euro. In the majority of exchangers don't observe an agiotage, and have connected the increased demand last week with a season of holidays. One exchange office has reported about great demand for dollars, but there is no foreign exchange deficit. The Minister of Economic Development Maxim Oreshkin considers that Russians don't need to run urgently in exchangers to sell rubles and to buy currency. At the same time the minister recognized that the MEDT expects ruble depreciation and strengthening of capital outflow in the next year. To add BFM.ru to your sources of news?

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