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Date: 4 weeks ago   Category: Finances

The ruble has said hello from the past

The national currency has failed on August 23, and then has jumped aside after the announcement of the Central Bank of suspension of purchases of foreign currency for the Ministry of Finance until the end of September. What events does it remind? Photo: Dollar to the end of the main auction was fixed on August 23 on a mark of 68 rubles. In the first half of day he exceeded a threshold in 69 rubles. The turn has occurred after the Central Bank has ceased to buy currency for the Ministry of Finance. The joke of four-year prescription is remembered: "Why dollar 60? Because at us now the free course and the Central Bank is engaged in inflation. And why then inflation has jumped up? But because dollar 60". Now an impression that the Central Bank has returned to easy control of a course. When it became known that the regulator has started over again buying currency for the Ministry of Finance, the ruble has sharply gone down. On Thursday the dollar has reached a mark in 69. The Central Bank has suspended purchase of currency, and decline of ruble has stopped. It is possible to call panic what occurred. Actions of the Bank of Russia became only the catalyst, and has begun earlier and earlier — on fears of new sanctions, in particular against Sberbank and other state banks. Also other factors have worked, the chief economist of Alfa-Bank Natalia Orlova says: Natalia Orlova the chief economist of Alfa-Bank "The first wave of an exit of investors at the beginning of summer has begun with stocks of Sberbank. And then, when really in the market some panic scenarios already began to expand that it will be not only Sberbank, but also other banks or maybe it there will be a sovereign debt, comments about taxes on the metallurgical sector were still added to it, then already an exit of the capital became mass. When the capital leaves and it pushes a course down, naturally, there are many players who in the normal state of the market sold currency and why to them to sell on 65 now if it is possible to sell on 69?" The Ministry of Finance by means of the Central Bank worked according to the budgetary rule: budget revenues over 40 dollars for oil go to reserves. And oil now expensive: to evening of Thursday — about 75 dollars for Brent barrel. Perhaps, an unsuccessful moment when all on nerves because of sanctions especially as all couldn't wait for them in any way has just been chosen: promised on August 22, but didn't announce, and it has turned out that the 22nd is an approximate number. Now the regulator has taken a break till October. Probably, calculation on the fact that by this time with sanctions there will be definiteness. And now the Central Bank has just decided to reduce volatility in the financial markets. But while this decision ripened, speculators have managed to make good money, the adviser for macroeconomic of the CEO of the Opening Broker company Sergey Hestanov:sergey Hestanov the adviser for macroeconomic of the CEO of the Opening Broker company "Notices if there was no political factor, we would see ruble exchange rate around 50 rubles for dollar as for this price of oil the ruble looks very poorly. But the political factor is very strong, and, unfortunately, it gives in to forecasting a little. Most likely, it is necessary to be ready to volatility that irritates investors a little, but in the same way pleases професс



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