October 03, 2011

Russian ruble continues to decline relative to the basket

The ruble continues to drop to the basket at the deteriorating situation on world markets. Recovery did not last long once again replaced the ruble fall. Population translates into savings of currency, and overseas in exchange offices Dollars take on predatory rate or not buy. The fall of the ruble made Russian citizens think about the recent crisis, they have bought the currency to 145 million rubles. According to the Central is the maximum of the last two years. Maximum since 2009 and has achieved growth of foreign currency deposits. According to the Federal State Statistics Service, Russian ruble savings for the month decreased by 1.9%, while part of the funds to buy dollars and euros has a maximum in the summer of 2009 - more than 5%. Part of the population shifts money on foreign currency deposits, the amount of such deposits increased by 4.9%. Increased slightly and the ruble-denominated deposits - by 0.1%. A significant portion of citizens have invested in goods and services. Central Bank of Russia said that since early September as a result of foreign exchange intervention on the open market has sold more than $ 6 billion. Central Bank of Russia expects significant capital outflows from the country. Devaluation of the ruble poses a risk to inflation in the near future. In the central bank hopes to avoid inflation of more than 6-7%. But the impact on prices of importing Russian Central Bank is not able to admit that the year-end surge in inflation can occur, but it will be very short. Back to news list