Photos of day

Date: 6 months ago   Category: Finances

The Bank of Russia has decided not to buy currency until the end of September


The Central Bank stops purchase of currency for the Ministry of Finance in domestic market for decrease in volatility of the financial markets. The Central Bank has assured that it won't influence implementation of the plan of purchases of currency within the budgetary rule of the Photo: Mitya of Aleshkovsky/BFM.ru the Central Bank of Russia has made the decision not to buy for the Ministry of Finance of the Russian Federation foreign currency since August 23 until the end of September of the current year. It is said in the statement on the official site of the Central Bank. This decision has been made "for increase in predictability of actions of the monetary authorities and decrease in volatility of the financial markets". At the auction on August 23 dollar exchange rate to ruble has set up a record since April, 2016, but after the message of the Central Bank ruble exchange rate has instantly suspended decrease, having won back losses. What will be farther? The adviser for macroeconomic of the CEO of the Opening Broker company Sergey Hestanov: argues on it — the Ruble was rather powerfully developed. It is put in today's statement of the Central Bank? — Obviously and. The matter is that purchases of currency of the Central Bank when the market very nervously reacts to the next messages about sanctions as a measure in itself quite strongly weakened ruble. Respectively, as soon as this measure has been stopped, the ruble has right there reacted to it with noticeable growth. — Why did the Central Bank so actively buy currency in recent days? — The reasons two, and one reason especially tactical — formal implementation of the budgetary rule. I will remind that for 2018 the price of oil of 40,8 dollar for barrel — much less, than in practice is budgeted. Respectively, the surplus of currency revenue has to be purchased for replenishment of the international reserves, so approves the budgetary rule. Secondly, such purchases and ruble depreciation provided that this moderate easing, very well affects the budget including from the point of view of performance of "May Decrees". If not too strong movements which traditionally irritate both business, and citizens the idea of the Ministry of Finance and the Central Bank to continue purchases of currency would look very logically. — That is if decrease went smooth rates, then, perhaps, we also wouldn't hear today's statement of the Central Bank? — It is very probable because not only absolute figures, but also rate of their change matter. When changes happen gradually, participants of the market easily get used to them, it doesn't cause an unhealthy stir. When the ruble weakens too sharply, it promotes panic moods that is undesirable. As a matter of fact, because of it purchases have also been temporarily stopped. — Till October 1 still there is a lot of time whether will change the mind the Central Bank? — It seems to me, hardly. First, it is a lot of time, but also it isn't enough; secondly, just during this term, most likely, the situation connected with imposition of sanctions will clear up. Now from the USA several packages enough different sanctions, their impact on the Russian economy and ruble exchange rate still up to the end not clearly are imposed. By the beginning of October, most likely, there will come at least some definiteness. It will allow the Central Bank п

URL:


Today

just now

The programmer from Stavropol was condemned on the case of appeals to disorders on which there passed the mathematician Dmitry Bogatov Dmitry Bogatov earlier. Photo: Mikhail Tereshchenko / TASS Court...

22 minutes ago

Vyacheslav Volodin did not exclude introduction of responsibility for fake news for owners of media. A last straw was article Ura.ru with heading "To drivers who have no garage, want to forbid to buy...

22 minutes ago

According to Vedomosti, the Central Bank suggested the banks participating in System of Fast Payments not to take from clients the commission for transfers to the card the Bank of Russia. Photo: Stoja...

an hour ago

The State Duma adopted the law forbidding to military to use smartphones and social networks. After them requirements toughen also the civil companies. Whether it is lawful? Photo: pixabay.com the Sta...

2 hrs ago

The vessel transporting the ammunition for S-400 which was purchased by China from Russia got to a whole gale, the head of Rostec Sergey Chemezov of the Photo told: Sergey Malgavko / by TASS It is upd...

2 hrs ago

The colonel of GRU in resignation Vladimir Kvachkov who is twice acquitted for attempt at Anatoly Chubais left colony, having stayed eight years Vladimir Kvachkov. Photo: Stanislav the retired colonel...

3 hrs ago

BBC told about the Celonis company which managed to build the IT empire in many respects thanks to hand-written correspondence Alexander Rinke. Photo: cebitchannel/YouTube to German Alexander Rinke wa...

4 hrs ago

Mnogokhodovka Pegas Touristik on delivery of 200 Russians to Hurghada through the Turkish Antalya once again raised a question of renewal of charter transportations to Egypt of the Photo: pixabay.com...