216 RUBLES PER DOLLAR: Central BANK GOES for broke Moscow 1292 days 2216.07 Oleg Chuvakin Jul 22 18:38 publisher kosta68 [kostanta] Topics: criticism of the Central Bank , the ruble , the Us sombecki – sail (all, hto Demur a minus point and Khayal – have a good weekend))) In order to prevent excessive strengthening of the ruble and the will of the President of the Central Bank of Russia is ready to go to unprecedented measures to depreciation of the home currency. “For the sake of the budget, the Central Bank will break even the law on the Central Bank,” said Elvira Nabiullina, the correspondent of News Optimus.
This morning market analysts shuddered at the sound of the speech of comrade Putin on the national currency. “The ruble strengthened, — said the leader of Russia — despite the price volatility in commodity markets”. And if so, the President has offered “to think about how and what we will do in the near future in connection with these factors.” The Central Bank of Russia over Vladimir Putin’s words thought. And decided that price volatility in commodity markets will not be able overcome, but to overcome the strengthening of the ruble, which caused dissatisfaction of the President, will be able to. About this Optimus News was announced by the Chairwoman of the Central Bank Elvira Nabiullina. “For the sake of the budget, the Central Bank will break even the law on the Central Bank”, — with pride she said to the correspondent. According to her, the Central Bank could not ignore such a clear indication of Vladimir Putin. This will cover all the expenses of the Federal budget, eliminate the deficit and even have something in reserve funds. In addition, from a round of hyperinflation like to win oil and gas producers. “What is this? We just want to crank out a good deal: get more rubles for less dollars. The more money, the richer the country”!!!!!!, — concluded a new strategic credo, the Central Bank is its Director. Elvira Nabiullina agree that inflationary devaluation of the ruble comes in clear contradiction with the Federal law N86-FZ “On the Central Bank of the Russian Federation”, article 3 of which establishes that the protection and stability of the ruble is the primary goal of the activities of the Central Bank of the Russian Federation. However, article 4 of the same law defines that the Bank of Russia elaborates and implements the state monetary policy in interaction with the government. That is why the leadership of the Central Bank and has taken into account equitable concerns of the President about strengthening of the ruble. Head of the Central Bank believes that people will understand: the government is in a difficult position, and no choice in addition to reduction in price of national currency does not exist. This time the panic in the market and the queues at the currency exchange will not happen, says Nabiullina. “This time will not panic,” she explained. We warn the population in advance. In fact, the President has warned. I recommend citizens to buy more dollars and euros. Unless, of course, there is something to buy”. According to Nabiullina, course in 216 rubles per 1 us dollar will not last so long: about the presidential elections in 2018. In 2018, the Central Bank will return to compliance with article 3 of the law N86-FZ. “We will not tolerate depreciation of up to 400 rubles per dollar”, — said Nabiullina……
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