Who is to blame for the weakening of the ruble? Medvedev knows the answer

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the weakening of the ruble

11 of November. The head of the Cabinet of Ministers Dmitry Medvedev said that it is unfair the players have a negative impact on the ruble exchange rate fluctuations.

Medvedev stressed that no grounds for weakening the national currency no, all analysts believe that the ruble is undervalued. At the same time, Dmitry Medvedev stressed that neither the Cabinet nor the Central Bank of Russia has no plans to impose limits on the sale of foreign currency. Also planned is the adoption of measures to tighten exchange controls, the establishment of taboos on the movement of capital.

10 of November, Elvira Nabiullina (head of the Central Bank) said that the weakening of the ruble influences the behavior of the population, importers and exporters as well as banks. Vladimir Putin has informed on possible measures to punish currency speculators.

It should be noted that during the first eight months of this year Russians have bought about $45 billion, which is 50% more than the same period last year. Demand for dollars has increased dramatically, the demand for Euro has not changed. In addition, banks were imported cash dollars three times more than in 2013. On 1 September 2014, the country imported cash dollars to $20 billion (for comparison, in 2013 this amounted to only $7 billion).

On 12 of November the Bank of Russia established the Euro exchange rate at the level 57,0494 rubles, dollar – 45,9520 RUB.

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