They talk about the strengthening of the ruble, and the weakening of conduct

  Pound shows the worst dynamics and continues to fallPound shows the dynamics of the worst, and continues to decrease RBC RBCTrading on the Russian MICEX currency market opened May 30 a new fall of the ruble against the dollar and the euro.The weighted average dollar exchange rate calculations tomorrow at 10:20 at Moscow was 32.40 rubles. / Dollar. That 26.9 kopecks. higher than the close of the previous trading day. The euro exchange rate calculations tomorrow at 10:20 GMT at - 40.40 rub. / Euro, by 9.3 kopecks. higher than the close of the previous trading day.Value of the basket of the Bank of Russia as of 10:35 Moscow time was 36 rubles., Which is 14.6 kopecks. higher than the close of the previous trading day.Recall that the rate of the ruble against the dollar and the euro was down at yesterday's auction. "The ruble yesterday showed one of the worst results, losing against the dollar 0.7%, stronger than the Indian rupee fell only (-0.9%). The end of April ruble shows the worst dynamics of emerging market currencies, except currencies of Eastern Europe, which are more oriented to the dynamics of the euro ", - noted the analysts," VTB Capital ".

However, according to those same analysts, the falling ruble is already starting to look oversold. "The further behind, in our opinion, should be seen as an opportunity to open long positions" - note the "VTB Capital".The official exchange rate of U.S. dollar against the ruble, the Bank of Russia on 30 May 2012., Is 32.086 rubles. / Dollar., The euro - 40.2423 rub. / Euro.
 May 30, 2012
 The current archiveThe devaluation of the rubleCentral Bank of Russia has accelerated the devaluation of national currencyThe official euro exchange rate set by the Central Bank on December 19, amounted to 39.7798 rubles. Thus, the day the European currency has risen by more than a ruble, but could not overcome the mark of 40 rubles. In trading on the MICEX this psychologically important milestone was passed during the trading session on December 18. In some Russian exchangers euro also exceeded 40 rubles.The official dollar exchange rate on December 19 will be 27.6095 rubles. That's almost nine cents more than the previous day.The simultaneous increase of the Central Bank of the dollar and the euro means that the fluctuation corridor currency basket (0.45 euros and 0.55 dollars), in which the Bank held back the fall of the ruble, has been significantly expanded. What is its upper limit is still unclear.The sharp appreciation of the euro is partly due to the fact that the world market of the European currency continues to appreciate against the dollar. Only in the last days, she has strengthened a few cents and is trading at $ 1.45.Source: Lenta.ru-------------------------------------------------- --------------------------------------The purpose of this policy, the Central Bank:A. Keep the decrease in gold reserves.But as you know, these measures did not stop the central bank reduced reserve of pollutants. If on November 7, they accounted for 475.4 billion dollars, on December 5 - 437 billion dollars.Two. Saving income exporters of hydrocarbons and metals in the environment of falling prices for oil and metals, due to lower labor costs in the country.The three largest oil producer in Russia - "Rosneft", "Lukoil" and "Gazprom oil" - reported on the record profits received for the first nine months of 2008. The latter is made a subsidiary of "Gazprom" - according to the company, for three quarters of net profit of 5.2 billion dollars, up 84.5 percent more than during the same period last year. Proceeds of "Gazprom oil" has risen by 86 percent to 27.32 billion dollars.Despite the significant increase in net profit, "Gazprom oil" is still not able to overtake on this indicator of its competitors. In early December, "Rosneft" and "Lukoil" reported that their net income was $ 10.76 and $ 10.3 billion.Three. Reducing the real cost of state social programs already designated by cheaper rate.What will save the state on social programs, due to cheaper ruble, bude clear at the beginning of next year.The fact that such a trivial puzzle solves today the Central Bank confirmed the information about the high profits of oil companies.-------------------------------------------------- --------------------------------------In the interests of the citizens!Central Bank of Russia has once again weakened the ruble.In the course of trading on the Moscow Interbank Currency Exchange ruble fell by almost 40 kopecks. (From £ 33.46. To 33.81 rubles.), Ie more than 1%. The current weakening of the ruble against the currency basket has been since the beginning of the seventh month. The last time the Bank of Russia resorted to such a move as recently as two days ago. In general, over the last four months of the ruble fell against a basket consisting of $ 0.55 and € 0,45, for more than 13%.Another psychological mark and reached the U.S. dollar. As of 12:30 Moscow time the value of American currency calculations tomorrow increased in relation to yesterday's rate is more than 25 kopecks. and amounted to 28.6125 rubles. $ 1. At the opening of trading the U.S. currency was worth even more - 28.66 rubles. Thus, the dollar has once again renewed the maximum of the ruble over the past three years. However, the dollar has risen, and the single European currency. The euro exchange rate calculations tomorrow risen by almost 39 kopecks. - Up to 40.09 rubles.Russian monetary authorities are consistent in their promise to "smooth" the weakening of the ruble. According to Central Bank First Deputy Chairman Alexei Ulyukayev, the Bank of Russia conducts a conscious policy in the interests of citizens and businesses, giving them time to select a currency strategy and preventing panic.24.12. Of 2008.Source: Morning. ru-------------------------------------------------- --------------------------------------Central Bank of the ruble has weakened another 45 cents, and he immediately fell to 29 rubles for $ 1 and close to 41 rubles for 1 euro. Soon, the ruble can and does go into free-swimming. This can happen when the trade balance reaches negative values, and it is on the right track there.In Friday's trading, the dollar broke the mark of 29 rubles, the average U.S. dollar exchange rate calculations "tomorrow" on a single trading session on the MICEX rose by 33 cent and amounted to 29.01 rubles per $ 1. The average rate of the euro for "today" has increased by 59 cents to $ 40.79 rate.In relation to the basket the ruble fell by 45 cents.Today the value of the basket was 34.30 rubles, though two days before the central bank kept the ruble near the level of 33.85 rubles. But in the first minutes of trading today, the Bank of Russia has shifted its support level. Thus, the central bank ruble weakened for the eighth time in December, and the eleventh time since Nov. 11, when the currency basket cost 30.4 rubles.Fluctuations will become even sharper when Russia's trade surplus will go into minus. Government sources suggest that the central bank during the devaluation is focused on the trade balance. As soon as it becomes negative, the Central Bank let the ruble, as further retention of the course will not make sense."The central bank will devalue the ruble, to prevent the trade deficit" - agrees chief of analytical department of the Criminal Code, "Capital," Sergei Karyhalin. So far, this index remains positive, but significantly reduced. According to the Bank of Russia, if the August trade surplus was $ 18.5 billion, in September, this figure was $ 16.4 billion in October, he declined to $ 11.9 billion is estimated that in November's trade surplus fell to $ 7.1 billion caused a significant reduction in foreign trade is a global drop in demand and falling prices for the main subject of Russian exports - oil, caused by the economic downturn. The government does not rule out the possibility that the balance can go into negative in the first quarter of 2009. Experts' forecasts even more dismal."I am afraid that in December, the balance may become negative," - says Karyhalin.From the external currency market depends only on that of which the ruble will fall faster. While analysts find it difficult to identify any clear trend here. "The euro / dollar at the pre week at a crossroads. Technically, there was a correction after rising euro from $ 1.2380 to $ 1.4715, after which growth can continue. On the other hand, the euro has continued to be in a downtrend, "- says a financial analyst Alexander FxPro Kuptsikevich. According to him, the more likely scenario is a sharp and deep reduction of the dollar. Most likely, this latest weakening of the ruble this year, because some swings before the year is not expected. "Before the holidays, business activity is minimal. And in the Forex market, the euro / dollar traded in a narrow range at 1.4019. I think that about 1.40 marks, and bidding will take place before the end of the year - said the expert group on trade in the international currency markets IC "BrokerCreditService" Faith Morgatskaya. - What will happen after the holidays - it is difficult to say, everything will depend on the balance of power in international markets, as well as the position of the new American government in its national currency. "Lenta.ru-------------------------------------------------- ----------------------------------------- A look from the pastTo prevent strong ruble?Look through the press about the meeting of Vladimir Putin with A. Kudrin and scratching their heads: what are they talking about? Just can not understand it. It seems that many reporters, describing the meeting, did not understand."Too strong ruble, according to the president, could undermine the competitiveness of national economy" - the newspaper "Kommersant".How could undermine the national economy strong ruble? A strong, I take them used the expression, can cut the income of commodity monopolies, supplying hydrocarbons to world markets, but does not undermine but rather strengthen the position of producers in other industries. The Americans, in recent years doing everything to strengthen the dollar, realizing that it is the foundation of stable existence of American manufacturers. And we have, it turns out, quite the opposite.Putin's statement on the inarticulate, Kudrin has intricately Bole says: "The main measures to prevent the building - is responsible Alexei Kudrin - are measures of the government, but as soon as the government increases its spending by oil and gas revenues, it threatens to further consolidation. As part of the forecast, which we are prepared we will be able to keep the planned strengthening of the parameters. "Kudrin would have to adhere to any one of the coordinate system, rather than to declare absolutely contradictory statements. MPs and the people, he said that additional costs will cause inflation, and should therefore be restricted and, in this case, the increase in costs due to oil and gas revenues, according to the minister, will strengthen the ruble. How will strengthen? After all expenses will be made in rubles, not dollars, and therefore will increase the mass of the ruble in relation to the goods, and the same dollar, which consequently lowers the real value of the ruble, rather than strengthen.Journalists of "Vedomosti" Petrachkova Alexander, Alexander Bekker, and assessed the situation: "Strengthening of the ruble could threaten the economy, particularly the real sector, says Vladimir Putin. Why the Ministry of Finance and Central Bank will have to simultaneously fight inflation and the strengthening of the course."It seems that the Ministry of Finance and Central Bank officials, who had taken too eager to fight inflation, at the request of the president, stepped on toes raw giant, but so painful that even Vladimir Putin undertook to maintain inflation."The president asked urgently to slow down the national currency" - provides "News Time", "Putin instructed to slow down the ruble," - says Larisa Kaftan in "Komsomolskaya Pravda".The fact that the strengthening of the ruble, unprofitable commodity monopolies, and the president is concerned about it, and Vladimir Putin made no secret. The President said that he met with representatives of large companies, "they still have a margin of safety", but the rapid appreciation of the ruble could create problems for them. Their products are becoming more expensive compared to imports, and lose the global competition. As the government is going to save the day? "And in production, what products we compete if 70% of our exports of raw materials?"We must oppose the strengthening of the ruble by all available means!" - Selflessly and with joy, said the minister. And he was not happy! After all this time, Kudrin said the only thing that did, in favor of large monopolies, supplying the world market oil, gas, metals, wood, and so on. Well, now, he still received support from the president. So now the wait for a new rise in prices, as Kudrin will deal with the strengthening of the ruble with renewed vigor.There is no doubt that Putin is bent to the side of commodity monopolies. So the only way to describe the President's statement made at a meeting with the Minister of Finance Kudrin. Six months ago, the President set the task to strengthen the ruble, reduced inflation, convertibility of the ruble, and now, under pressure from the owners of raw moguls, turns the entire policy in the opposite direction."How he found out after" contacts with the business "policy of strengthening the ruble could damage the Russian economy. - According to the newspaper" Vedomosti ". - And now to the Central Bank and the Government, in effect, put the triple objective: to prevent inflation, to keep the ruble and continued to increase government spending. With these introductory expect an interesting political season. If you do not resign, then the serious failures guaranteed: the challenge posed by the president, not feasible.The situation will remain a stalemate, if not to abandon one of the three objectives - subject to a two-input equation can be solved. ""To strengthen the ruble to the Russian authorities would be convenient to suppress inflation. But now, when the president ordered not to do so before the Finance Ministry and Central Bank raises extremely difficult task - and not to strengthen the ruble and the rising prices to fight. - Asks blankly, "Izvestia". - So, the inflation front. "Under pressure from the interests of the monopolies of raw caved in not only the president but also the government, which has developed a three-year plan to reduce the revenue from the sale of hydrocarbons. For three years the share of production tax (MET) and export duties in the revenue budget will be reduced from 50% to 30%. "This, according to Kudrin, and there is a way of reducing the budget depending on oil prices. That's just the oil barons and their lobbyists in the government, as seems not at all afraid of their dependence on oil revenues, and in full swing oil and thank their benefactors.Ivan Tevrizsky23/08/2006-------------------------------------------------- --------------------------------------The devaluation of the Russian oil brought 800 billion rubles
  The weakening of the ruble against the dollar and the euro has brought Russian oil companies since August 2008 about 800 billion rubles. About this newspaper "Vedomosti".
 According to "Rosneft", which results in the publication, for the growth of oil exporters dollar per ruble is equal to the price of fuel increased by five dollars. According to the vice-president of "Rosneft" Peter O'Braena, taking into account the devaluation and export duties align the company is working "at a cost of about $ 70 a barrel."
 Recall, the devaluation of the Russian currency held by the Central Bank since November 2008. At that time, the value of the currency basket (0.45 euros and 0.55 dollars) amounted to little more than 30 rubles. However, in early 2009, its price is higher than 40 rubles.
 February 12, Russian Prime Minister Vladimir Putin during the government meeting devoted to the development of the oil industry, said the tax burden on the domestic oil industry has declined by 500 billion rubles. Partly this was due to reduction of export duties on oil, which has January 1, 2009 fell to 100.9 dollars. In the summer of last year reached a rate of duty is $ 495 per ton.Source: Lenta.ru _______________________________________________________________________________Journalists are lured a pretext for the devaluation of the ruble, with a true interest, and now wonder why the devaluation has not brought the promised results.
  Devaluation is not for the future
  09/04/09 11:26 -
 Projections of the authorities that the decline of the national currency will increase the competitiveness of Russian goods, do not come true. Working mainly on imported raw materials from the devaluation of the domestic industry has lost onlyMonetary authorities and simply asserted that this devaluation and they spend all of it will be after the well. It turns out that they were not carried out, and there is nothing good from the fall of the ruble, but quite the contrary ...
 Prosherstili all posts recently - is not any evidence that the devaluation has helped some industries, the production of one or the other. Spell: "fall of the national currency enhances the competitiveness of national products" - does not work. But there is a perfect example of another effect of devaluation than the government promised us charmers.The first major well-known victim - "Izhavto." Purchasing a car sets to assemble Korean KIA has become unprofitable. Five thousand workers laid off. Analysts expect that there will be a TagAZ and plants of JSC "Sollers", who are also working on a similar scheme.A favorite of all the Russian authorities since the Politburo - "AvtoVAZ" is also suffering from the fall of the ruble. He and prior to the planned purchases for the "Kalina" automatic transmission to 20% of the parts - import, so that the plant can not raise prices on cars. Now, he also receives state aid and increases prices.Well, the automotive industry. But from all sectors of the groans are heard, as all depends on whether the import of equipment, raw materials, there.That, apparently, where the domestic producers can jump after the fall of the ruble, if not in the production of cosmetics and perfumes? Incomes have fallen, surely people will turn their attention to domestic creams and oils ... But no. As a share of domestic companies in this market of more than $ 9 billion third, and remains. And well, that has not yet fallen. Yet. About 80% of the raw materials used by our factories - also imports. This means that they are forced to raise prices for their products. While the foreign corporations have far greater opportunities to control their prices, than our own. Because of some 150 Russian producers of smallholder production, which before the price increase for raw materials to work out the profit. And now, when the loan for the purchase of raw materials can not be obtained, on the verge of bankruptcy ...
 http://www.gazeta.ru/comments/2009/04/09_a_2971869.shtml
 The devaluation of the Russian banks has helped to earn 900 billion rubles
 Russian banks due to the devaluation of the ruble could earn from November 2008 to January 2009, about 800-900 billion rubles. This statement was made deputy director of the state corporation Deposit Insurance Agency (DIA), Andrew Melnikov, said the agency "Interfax". "I think that this margin of safety, we can easily block or two still live," - said Melnikov.Smooth devaluation of the Russian currency held by the Central Bank in mid-November last year and was completed in January of this year. During this time, the ruble against the currency basket (0.55 dollar and 0.45 euro) fell by 40 percent.Due to the devaluation of the 30 largest Russian banks, which account for 80 percent of total assets, were able to increase its profit the January nearly doubled with respect to the same month of 2008. In addition, in late February it was reported that the devaluation of the Russian oil industry has brought to the August 2008 about 800 billion rubles.In early February, Russian Finance Minister Alexei Kudrin acknowledged the benefit of the devaluation of the ruble. According to him, local banks and companies were able to reserve a $ 85 billion to service its foreign debt, and now they have enough funds to meet its obligations on foreign loans over the next year.