- October 6, 2014
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At the opening of trading of the Moscow stock exchange dollar for the first time with the denomination in 1998 exceeded 40 rubles, reaching a level of 40.04 rubles. Euro at the same time rose to 50.15 rubles.
According to the Central Bank, the currency basket consisting of 55% of the dollars and 45% of the euro, increased by 14 cents to 44.6 rubles.
After overcoming the psychologically important mark of the dollar later fell slightly to 10:50 Moscow time amounted to 39.93 rubles, while the euro dropped to 50.04 rubles.
Analysts attribute the rise of the dollar in including the decline in prices in the oil market.
“Lower oil prices to levels below 92 dollars per barrel of Brent is no longer possible to ignore” – said the agency TASS chief economist for Russia and the CIS ING Dmitry Polevoy.
The November Brent crude on London’s ICE Futures Exchange, held near $ 92 a barrel, near the lowest level since June 2012.
Brent prices began to decline in June of this year and has since fallen by 15% to a minimum since the summer of 2012.
Oil and sanctions
the depreciation of the ruble also contributes to the political situation in Russia, celebrated experts.
“We are now at the center of negative events for the ruble and sanctions, and the uncertainty in the political-administrative sphere, the rumors of a potential restriction on the movement of capital – all this puts pressure on the ruble. Nevertheless, there is a fundamental support that can support the ruble, if the oil is not a long and hard fall, “- said TASS chief economist for Russia and the CIS Bank of America Merrill Lynch, Vladimir Osakovski.
Deputy Minister of Finance Russian Alexey Moiseev urged not to panic.
“We ultimately care – is how will change the value of our rubles in our country. With inflation under control, by and large, what will be the course – does not matter, “- said Moses.
The ruble began to noticeably cheaper against the dollar and the euro since the beginning of the crisis in Ukraine, the fall of the ruble accelerated with the introduction of Western sanctions against Russia.
In mid-September, the EU and the United States imposed new sanctions on Russia, which have fallen under Russian energy giants “Rosneft”, “Transneft” and “Gazprom Neft” and and five banks, including Sberbank and VTB. then the dollar for the first time in many years exceeded the key level to 38 rubles.
dollar since the beginning of 1990 to September 2014
- Commercial State Bank rate in April 1991 was equal to 1.75 rubles per dollar, and the black market rate – 30 33 rubles.
- From 1 July 1992, he was introduced by a free exchange rate: in this moment 1 dollar sold for 125 rubles.
- ” Black Tuesday “(October 11) in 1994. In one day, the dollar rose from 2833 to 3926 rubles per dollar.
- In January 1998, a denomination of the ruble dollar “fell” from 5562 rubles to 5.6 rubles .
- The day before the default in August 1998, the dollar was worth 6.29 rubles, in September – the dollar exchange rate has exceeded 20 rubles.
- January 9, 2003 the dollar showed a maximum value after the default of 1998: the day the dollar was sold for 31.88 rubles.
- 16 July 2008 showed the maximum value of the dollar relative to the fall of the ruble-denominated sample in 1998: the dollar that day was worth 23.15 rubles.
- February 19, 2009, in the midst of the crisis, the dollar makes another maximum relative ruble denominated: the dollar rose in price to 36.43 rubles.
- October 5, 2011 the dollar after a decrease in 2010 – the first half of 2011 rose to 32.68 rubles.
- In March 2014 against the background of the events in Ukraine the dollar for the first time after the crisis of 2008-2009. exceeded 36 rubles.
- After a certain decline of the American currency against the ruble dollar since August has again started to rise in price again exceeded 36 rubles.
- September 1, 2014 exchange rate of the dollar against the ruble was 37,13.
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