Date: 8 months ago   Category: Economy

Strengthening of ruble isn't connected with oil, have declared in the Ministry of Finance - RIA Novosti, 9/25/2018

MOSCOW, 25 Sep — RIA Novosti. The current strengthening of ruble is connected with stabilization in emerging markets and suspension of purchases of currency by the Bank of Russia for the Ministry of Finance within the budgetary rule, at the same time the growing prices of oil don't influence ruble exchange rate, the Deputy Minister of Finance of the Russian Federation Vladimir Kolychev.© of RIA Novosti has told journalists to Pass into an image bank Oil has risen in price to a maximum since November, 2014 годаРубль since September 10 has grown already by 7,5% against dollar and for 6,2% against euros which on Tuesday have updated minima on marks 65,64 rubles (since August 8) and 77,14 rubles (since August 21) respectively. Dollar exchange rate calculations "tomorrow" at 14:00 Moscow time decreased by 14 kopeks — up to 65,69 rubles, euro exchange rate — for 10 kopeks — up to 77,27 rubles, follows from data of the Moscow Exchange. "Different factors influence. The last several weeks the situation with developing countries very strongly influenced. Naturally, the ruble and Russia not are in a vacuum, of course, they with a careful eye to these processes bargained. Now the situation has a little calmed down, here we see reaction in ruble similar" — Kolychev has told. Thus the deputy minister has noted that the ruble is a floating currency therefore in some days he becomes stronger, in some weakens. "In it nothing is present extraordinary" — he has added. "Plus the Central bank has taken measures for ensuring financial stability and decrease in volatility in the financial market, including regarding the operations in the foreign exchange market" — Kolychev has continued. "In respect of correlation the budgetary rule works with oil and operations work at the foreign exchange market so that to break off this correlation. It in principle was visible since launch of this mechanism — since the beginning of February, 2017 it was visible that the correlation, doesn't have it also" — he has told.



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