German media: unverified information about the "death" of the ruble has been exaggerated
For most professionals the strengthening of the ruble was a complete surprise, a month a bit ago people believed that the situation with Russian foreign money can be corrected, informs German magazine que Welt.
"Vladimir Putin laughs again, as the President of Russia again a success. In an economic confrontation with the West, his country again significantly to recapture lost ground. The impression that Moscow is able to gradually gain the upper hand in the war of sanctions, which not long ago seemed lost. The Kremlin once again has the opportunity to receive money at interesting conditions, its foreign exchange reserves have stabilized, and its currency is experiencing a sudden rise ", - commented the German magazine, which cites RIA " Novosti ".
over the past few weeks, the ruble has greatly strengthened its place: since January, the Russian currency rose against the dollar by 16% and the Euro by 31%." no other currency in the world feels better in 2015. Over the past period of time, this upward movement again is greatly accelerated. In each of the past seven days, the rouble was up against the dollar by 1% and more, " leads data the Creator of the article. The events came as a complete surprise For most experts, but not For everyone. One of those who in early March was expressing doubts about the economic collapse of Russia, was the strategist of independent organizations Macro Advisory Chris uifer. When describing the economic situation in the country and he used a quote by Mark TWAIN: "the message of my demise have been greatly exaggerated'." If the main source of danger - the conflict in Ukraine and falling oil prices - will not show a new dynamic, the existing positive mood have the ability to survive, " writes the magazine. on 8 April, the Director of the division of monetary policy the Central Bank Igor Dmitriev said that the strengthening of the ruble now not harm financial stability. On Tuesday, the Central Bank of Russia said that the real effective rate of the ruble against the currencies of main trade partners of Russia taking into account inflation increased by 10, 6% in March this year, for the 1st quarter of 2015, the effective growth rate of the domestic currency amounted to 8, 7%. On Tuesday, the Ministry of Finance was informed that the ruble has completed the transition to a free floating, the volatility observed at the end of 2014, can not happen again.
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