Dollar costs 60 rubles, euro costs 75 rublesIt took the dollar only 17 days to raise from 50 rubles to 60 rubles per $ 1. The chairman of the National Foreign Exchange organization, Dmitry Piskulov said that the situation in the financial market is getting out of control. "The free floating exchange rate suggests that the rate is based on supply and demand. At the moment, there is a very high demand for currency associated with the need of many companies and a number of banks to pay their foreign debt," Piskulov said comparing the situation to a snowball.The expert stressed that the Central Bank is no longer capable of curtailing devaluation expectations. Piskulov urged to curtail the financial inertia. One of the ways to do it would be to wait until the dollar reaches its maximum, and the ruble will raise. However, Piskulov said, he does not see whether it is possible due to the inconsistency of the policy of the Central Bank.
It took the dollar only 17 days to raise from 50 rubles to 60 rubles per $ 1.
The chairman of the National Foreign Exchange organization, Dmitry Piskulov said that the situation in the financial market is getting out of control. "The free floating exchange rate suggests that the rate is based on supply and demand. At the moment, there is a very high demand for currency associated with the need of many companies and a number of banks to pay their foreign debt," Piskulov said comparing the situation to a snowball.
The expert stressed that the Central Bank is no longer capable of curtailing devaluation expectations.
Piskulov urged to curtail the financial inertia. One of the ways to do it would be to wait until the dollar reaches its maximum, and the ruble will raise. However, Piskulov said, he does not see whether it is possible due to the inconsistency of the policy of the Central Bank.
