Monthly Archives: February 2015

Poll of the week: do you welcome the strengthening of the ruble?Experts «BUSINESS Online” do not see in the appreciation of the domestic currency long-term trend and predict new “black Tuesday”

Maxim Kalashnikov — writer-futurist (Moscow):

” I looked like funneling foreign currency reserves, 5 billion a week. So not happy. I saw that when I dropped the oil, and the ruble was growing up, we were clearly in the flow of foreign exchange reserves. I believe this is incorrect. I believe that it was necessary to devalue the ruble to the desired level and to keep and not to engage in the consumption of foreign exchange reserves. There are ways to cut off from the exchange of currency speculators: if you buy a currency, then the present contract, under what you’re buying. There are examples of restraint of currency speculation banks, as did the crew. Then I would be happy. Then our more government, I’m referring to the Central Bank, used the productive issue, that is, not as they do now, financing the budget deficit, and the emission in the form of loans to the real sector for specific projects. Continue reading