Nabiullina explained the reasons for the collapse of the ruble in January – Express-News

20.02

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January jump in the dollar to 86 rubles to the head of the Central Bank Elvira Nabiullina explained the delayed effect of falling oil prices, as there have been no large-scale buying of any currency in the interests of any major player or a sharp reduction in the volume of currency sales by exporters.

«Most likely, the dynamics of the course to a certain extent reflected the deferred effect of falling oil prices in the previous days. A few days before that, oil prices have fallen quite rapidly, and the ruble we remain steadfast, “- explained Nabiullina

According to the Central Bank’s head, the regulator did not take January 21 any special measures to influence the exchange rate. . As is known, in the evening of this day the ruble went up again after the oil price adjustments. However, in any case, the Bank of Russia to monitor the situation on the currency market.

«Of course, we are at that moment looked for indicators of financial stability associated with the demand for cash currency, monetary liquidity in general, the foreign exchange market density and etc. Risks at the time was not, therefore, refrained from entering the foreign exchange market intervention, “- said Nabiullina

Meanwhile, the head of the Central Bank has warned that there may be sharp fluctuations in the ruble exchange rate in the future, as the oil market remains vysokovolatilnym. . At the same time, it is estimated the main regulator, the market exchange rate is now close to fundamentally sound, that will eventually lead to a decrease in its volatility.

Meanwhile, Nabiullina noted tranquility of Russians at the time of the second lowering of the ruble in January 2016 Unlike in December 2014, when the population rushed to the exchangers for the currency.

«I think it is quite natural. All accustomed to a floating rate. And the company, and people are beginning to realize that the course can move and in one or the other way, you can both win and lose “, – said chairman of the Bank of Russia

Recall January 21, 2016 exchange rate of the dollar on. Moscow Stock Exchange during the first two hours of trading rose by almost 5 rubles, reaching 85.999 rubles. Thus was established a new historical record.

Next, the end of the day, the dollar retreated to the level of 82.63 rubles, and the next day fell more than 3 rubles due to a sharp increase in oil quotes.