Russians advised to keep their savings in three currencies

On Thursday, April 28, Nezavisimaya Gazeta wrote about the disparity of foreign exchange forecasts at the end of 2011 and the recommendations of economists on saving money. Earlier this year, many economists confidently predicted in December weakening of the ruble to 32 rubles. for a dollar or even lower. Today, however, other popular predictions. Dollar by the end of the year can cost 24 rubles., Warned Deputy Economic Development Minister Andrei Klepach. However, in the official ministerial calculations appear very different figures: the average annual rate of 28.4 rubles. per dollar, nearly as much as the average for January-April (28.9 rubles).. Shuffle currency forecasts for year-end experts explain the extremely precarious situation of U.S. and Chinese economies, as well as possible reduction in world oil prices. Therefore, even amid the current strengthening of the ruble economists have advised citizens to keep their savings in three currencies - USD and EUR. The ruble rate by the end of the year could reach 24-25 rubles. per dollar for oil prices to 115-120 dollars per barrel, said on Tuesday, April 26, Deputy Economic Development Minister Andrei Klepach. If you believe the official forecast, then keep their savings in dollars in the coming months is pointless and even harmful: for dollar by December, could lose more than 3 USD. with the current level of 27.9 rubles. However, immediately change U.S. currency for rubles, may not be worth it. After all, the newly published scenario conditions Economic Development states that the average dollar amount is not 24, and 28.4 rubles. In other words, the strengthening of the ruble against the dollar from current levels will be relatively small. However, with further strengthening of the ruble can start fighting the Russian authorities. At the end of last week, the captains of Russian business from the RSPP meeting with Prime Minister Vladimir Putin spoke about the negative effects of the roads of the ruble on the Russian economy. Businessmen have agreed to a 5 to 8 May to consult with the Central Bank, Ministry of Finance and Economic Development on this issue. It is very likely that after these consultations, the dollar in the Russian exchangers creep upward. However, the impact of Russia's Central Bank on exchange rate may be extremely limited. Because there is no guarantee that in the second half of the year there was a collapse in oil prices due to the increasing challenges of American and Chinese economies. However, Finance Minister assures us that the ruble is stable, and also warns of the decline in world oil prices. At the same time, private economists are looking into the near future is not as confident as officials. Experts say the high uncertainty, because of which to assess the prospects of the ruble, even at the end of 2011 is difficult. Russia - and indeed the whole world - the economy is right now, if not in crisis, that is exactly in a state of extreme uncertainty and instability. And this instability is expressed in that currency fluctuations are not merely possible but inevitable. Moreover, possible fluctuations in the direction of weakening the national currency and in the direction of its new building. Among the experts, today you can hear all kinds of predictions of the course at the end of 2011 - from 24 to 36 rubles. per dollar. In this case, the arguments in favor of a weak ruble often sounds even more than in favor of its fortification. Yet no less than economists advise citizens not to risk it and just in case to make savings in three currencies - euros, dollars and rubles. Losses from the weakening of one currency bonus will be covered by strengthening the other. Nothing is more certain analysts say, perhaps, can not.