Wednesday, December 17, 2014

Russian ruble on a rollercoaster – BBC

Russian ruble on a rollercoaster – BBC

Dollar mounted on CB Wednesday, less than 70 rubles. The panic spread to the currency exchange on the exchangers: the population does not have enough foreign currency in cash, banks limit the removal of dollars and euros from ATMs. “Times” is an online broadcast.

16.10

Our correspondent from Minsk transfers: send me the Russian ruble in dollars. In the three banks of the currency was not yet one with the Russian ruble is not working. As a result, changed only in Raiffeisenbank with “predatory” course for 80 rubles to the dollar.

16.03

However, not all currencies today ruble strengthened. Chinese yuan continues to grow, crept close to the mark of 11 rubles per yuan. This, among other things, a new historical record.

16.00

During the last hour of the foreign exchange market fundamental changes have occurred. The euro traded at 82 rubles, the dollar is worth 85.86 rubles.

15.50

Meanwhile, residents of Finland began to massively come to Russia to buy cheap petrol and goods, according to the Finnish portal Yle.fi. Due to the collapse of the ruble Finns became profitable to make purchases in Russia. More often than not they buy fuel, as well as electronics and cosmetics.

15.42

While the MICEX index falls by 2%, the number of substituents on Minister of Economic Development is growing. Previously, there were only eleven people will now twelve. A thirteenth probably soon appoint Antonio Banderas …

15.40

The collapse of the Russian ruble is not necessarily entail a revision of the credit rating Russia, said Moody’s, transmits Bloomberg.

15.32

The price of Brent crude oil fell below $ 59 a barrel.

15.28

In the online store Ozon sales hit record, told the “Gazety.Ru” in Ozon. Sales growth in December of 2013 – 100%. Now store staff working around the clock, and the management hires additional couriers. “This unprecedented growth, of course, is associated with fluctuations in the ruble,” – said PR-manager Ozon Holdings Maria Nazamutdinova.

15.15

The dollar traded at around 65.43 rubles.

15.14

The euro fell below 82 rubles.

15.08

The head of the Republic of Crimea Sergey Aksenov said that the ruble is falling because of the desire of hostile states to weaken the Russian economy, RIA “Novosti”. “The situation is unpleasant, but it is action that including moderated and internally different saboteurs, putting the task to weaken Russia and to facilitate change in the leadership of the country. Nothing will happen, “- said Aksenov. Enemies everywhere some enemies …

14.54

Not we have some bad. The central banks of Indonesia and India also intervened in the currency market, according to Bloomberg. Earlier on Monday, the national currency of Indonesia finished trading at its lowest point in 16 years – 12.698 Indonesian rupiah to the dollar. The Indian currency also fell to the lowest in 13 months – Rs 63.8850 per dollar.

14.45

Meanwhile, the cost of Brent crude oil again dropped below $ 60 per barrel. Recall that our budget for next year is reduced at an average oil price of $ 96.

14.38

The dollar also reduced until trading at 67.25 rubles in.

14.40

The most favorite holiday destination for Russians on New Year’s Eve – Egypt. Selling tours of the Red Sea have increased despite the devaluation of the ruble, said “Gazeta.ru” the press secretary of the Russian Union of Travel Industry (PCT) Irina Turina. But in general, selling tours abroad, especially in Europe, for the nine months slipped by 50-70% compared to the same period last year.
All tours are sold in areas such as Anapa, Sochi, Great Ustyug, Karelia, the suburbs. “Within a radius of 200-300 km from Moscow is not find any rooms available in hotels,” – says Irina Turina.

14.37

The euro fell below 84 rubles.

14.20

The index provider MSCI may exclude Russia from the index MSCI Emerging Markets. What it is and how it threatens us? Index MSCI Emerging Markets – the index of the developing countries in the framework of its calculation includes 23 countries with developing economies, or 800 securities companies around the world. The index was created in order to large institutional in vestors it easier to invest in emerging economies. If Russia will fall out of the index, it will seriously reduce the number of foreign investments in the Russian stock market, the volume of which now leaves much to be desired.

14.13

The European Commission is not interested in the deterioration of the economic situation in Russia, said in Berlin with Reuters representative of the EC. I would like to ask: then why sanctions were introduced?!

14.07

Sales of tours stopped on the background of currency fluctuations, said “Gazeta.ru” the press secretary of the Russian Union of Travel Industry (PCT) Irina Turina, noting that the market is in shock after a sharp collapse of the ruble. Now the New Year holidays only in Crimea and Sochi, comrades!

14.01

Generally, trading on the Moscow stock exchange today are three times quieter than yesterday. No sharp turns or rabid growth rates for three rubles for five minutes.

13.54

For those who are just now decided to it’s time to change their money into dollars and euros, read our review about how and where to beneficial currency exchange.

13.47

On the stock market in the lead growth stocks today machinists. Index “MICEX-Engineering” adds more than 5%. The biggest growth in KLA shares aviatsionschikov grow by almost 16%. Ordinary and preferred shares of “AvtoVAZ” added 6,5%.

13.44

The euro fell below 85 rubles. The dollar traded at around 67.63 rubles.

13.41

The ruble can not respond to sanctions, but the course does not meet the objective picture; He has gone beyond the boundaries of comfort for the economy, said Prime Minister Dmitry Medvedev at a meeting with economic bloc of the government, the Central Bank and the CEOs of major companies, reports Tass. Um, and in fact had said that sanctions will only help the Russian economy.

13.36

The limits of budgetary obligations on 2015 will be brought to a decrease of 10%, said the head of the Accounts Chamber of the Russian Federation Tatyana Golikova. Bet, which will cut costs in the budget for the next year (hint: not exactly the defense industry and agriculture).

13.25

Meanwhile, Russian sages (not quite Russian) begin to look for a replacement ruble. In particular, Siegfried Wolf of “Russian Machines” says how to reduce dependence on the dollar: promote the creation virtual “energy currency”, for example, 1 GW, or something like that. True, 1 GW – a lot and it is difficult, but the calculation of Energy of the Russian banks youth exactly support.

13.20

The Central Bank does not discuss the possibility of suspending currency trading , said the deputy chairman of the Central Bank of the Russian Federation Vladimir Chistyuhin transmits TASS. “No, we do not discuss such a possibility,” – he said.

13.14

We already become traditional heading “What? Where? How much? “: VTB24 offers euros for 90.02 rubles., And dollars – for 74.02 rubles. In the Agricultural Bank currency can be bought for 74 rubles. for one dollar and 90 rubles. per euro. Sberbank is ready to sell dollars at 72 rubles., While the euro – to 89.25 rubles.

13.00

New York Times talks about price growth in Russia in connection with the fall of the ruble, “22-year-old Sergey Akimov says that his dreams dashed on vacation abroad and are now on their savings, he buys iPhone 6, while prices are in rubles were again below $ 650 in the US” .

12.49

Bank expressed concern about the safety of customer funds of banks. When withdrawing cash at the box office bank branches now need to put two signatures on the account cash warrant and two – the second copy which shall remain in the bank. Total four meaningless squiggles instead of two.

12.47

The euro fell to 85 rubles.

12.45

Foreign newspapers continue to describe the movement of the Russian currency. “Money leave Russia,” – commented to The Wall Street Journal situation strategist at Societe Generale bank Keith Dzhakes.

12.35

Raiffeisenbank offers withdraw cash through the cashier. But takes a commission. For payroll clients – $ 5 regardless of the amount. For other clients – 0.7%, but not less than $ 10. It seems such a commission is not removed at all banks.

Tip: if the currency from an ATM is over, go to the appropriate branch of the bank and ask for cash withdrawals from account without commission. Under the pretext that the ATM is not working. With luck, if a manager enters the position.

12.30

Even Gerashchenko, the former head of the Central Bank in the memorable 1998, complained that in the morning went to the Savings Bank, and there “people withdraw money from ATMs and there is nothing”, the correspondent of “Gazety.Ru” with the “round table” in the International Chamber of Commerce.

12.28

And the RTS index, meanwhile, stopped growing, down from 704.05 to 652.22 points.

12.25

The Ministry of Finance announced that begins to sell foreign currency balances in the market: the ruble “extremely undervalued».

12.22

Remove the currency from ATMs in Moscow is difficult. In one of the offices of Raiffeisenbank in the center of Moscow – two ATMs. Cash dollars run out as early as 10.40. Issued by euro limit – bills for less than € 100. In the queue were six people. Some quarreling. “You, too, will be a half-hour shoot, because given only for € 100″ – was defended by one of the bank’s customers, systematically withdrawn from my account a crunchy piece of paper after another. Here the audience prefers to shoot the euro more than a dollar. Yesterday morning, the euro is reached the mark 109 rubles., Now – 104 rubles.

12.16.

European banks operating in Russia , risk nothing. This statement (“Interfax”) Chairman of the Supervisory Board of the European Central Bank (ECB) Daniel Nui in an interview with radio Europe 1.

Ms Nui suspiciously optimistic with regard to Greek banks. However, it did not specify how many hundreds of billions of euros cost European taxpayers stability of Greek banks.

12.14

The Russian central bank said: give rubles through repo auction for one day as part of “fine-tuning”. Promise to sell up to 150 billion rubles. At a rate equal to the key – 17% per annum. Last repo auction in the “fine tuning” was held on November 25, when the limit was 200 billion rubles.

Bank ceases to amaze. The former limit – 200 billion rubles. Current – 150 billion rubles. Why Central Bank believes that the situation in December at 50 billion rubles. better than in November?

12.10

While the ruble feels definitely better than Tuesday. The dollar traded at around 69.02 rubles., For the euro is 86.66 rubles. By the way, for those who missed yesterday’s collapse of the Russian currency, read our previous online.

12.09

In Khanty-Mansiysk and Tyumen supplying oil money in the budget is not enough currency to the public. The course is insane. The maximum dollar rose in Tyumen in the bank “Russian credit” – up to 120 rubles. (“Interfax»).

11.52

Bank admitted that he sold the currency since the beginning of the month at $ 10 billion to stabilize the ruble . And since the beginning of the year – more than $ 85 billion.

11.35

The official exchange rate of the dollar on Thursday will be 67.8 rubles ./$ . This 6 rubles. more than the rate of the Central Bank on today. The new record, although after achievements in the course of trading is not impressive.

11.20

After rapid growth, up to 100 rubles. / € and 80 rubles ./$ ruble Wednesday morning began cautiously. Fell to 4 rubles. from the close of 89 rubles. / € and 72 rubles ./$ . Then wring even up to 85 rubles. / € and 68 rubles ./$ . But exchangers storm.

11.06

Good morning! “Times” continues with you to follow the adventures of the ruble in the foreign exchange market.

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