Wednesday, June 1, 2011

The sharp depreciation of the ruble before the New Year is possible

This was stated by First Deputy Chairman Bank of Russia Alexei Ulyukayev in an interview with "Vesti". "There are strange stuffing information that the Central Bank for ten minutes before the end of trading before the New Year rapidly weaken the ruble. This is a complete nonsense, nothing like that will not "- he said. According to Ulyukayev, such rumors are spread, pursuing their own commercial interests, or demonstrating a complete lack of understanding of monetary policy. Bank of Russia believes that the current policy of gradual rate changes reflected in the least painful businesses and households. Therefore, the Central Bank does not intend to prevent surges of currency, he said. Ulyukayev also said that Russian banks are currently placed on foreign exchange accounts with the CBR to 10 billion dollars. "Already up to 10 billion dollars placed. I think it will go on "- he said. He also stated that the Bank of Russia will take to repurchase shares less than 40 companies." We will pursue a cautious policy on the stock market, we will make a short "list" - he said . "We do not have the problem of expansion in this market," - added Ulyukaev. Of the dollar and euro on Friday morning session on MICEX index showed a sharp rise. The dollar rose to a peak in 3 years - up to 29.0058 rubles. Euro set a historic record, reaching 40.8 rubles.

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