Date: 7 months ago   Category: Finance

Glazyev has suggested to record ruble exchange rate at least for half a year — Rambler News Service


Photo: Sergey Fadeichev/TASS of Russia needs to record ruble exchange rate at least for half a year as a necessary condition for economic growth is the stable currency, the adviser to the president Sergey Glazyev on the WEF-2018 sidelines has told RNS. "It is necessary just him (ruble. – RNS) to record at that level at which it is, and not to allow him to fluctuate at least within half a year any more" — Glazyev has told. According to him, now ruble exchange rate "depends on speculators, mainly American speculators". "The Central Bank can stabilize at any time at any reasonable level to head him long enough: year, two, three" — Glazyev has explained. He has added that the stable currency is a necessary condition for economic growth. "Without stable rate of national currency it is impossible to plan investments, and in general nothing can be planned. Therefore all states of the world seek to provide to the national currency a stable course. The task of the Central Bank consists in it, according to the Constitution. And the volume of currency reserves in Russia exceeds the volume of monetary base therefore any problems to stabilize a course isn't present. All the matter is that the Central Bank pursues deeply wrong policy of a floating rate of ruble owing to what speculators are engaged in exchange rate formation mechanism. Not the state forms a course, proceeding from objective proportions of the external economic exchange, and speculators shake ruble exchange rate, receiving on it excess profits" — Glazyev has told.

URL:

The international reserves of Russia in a week which ended on April 12 grew by $2.5 billion, or for 0.5% — to $491.6 billion, the Bank of Russia reported. Increase in reserves resulted from positive revaluation and purchase of foreign currency within the budgetary rule. The international reserves of Russia are highly liquid foreign assets, availabl...


The Audit Chamber carries out an inspection of the Bank of Russia in the normal mode once in three years, the press service of department reports. "It is traditional check. The Audit Chamber carries out it every three years according to the laws "About Audit Chamber" and "About the Central Bank" on the basis of the resolution of the State Duma. Che...


Retail trade turnover in Russia in March, 2019 grew by 1.6% in annual terms and was 2.668 trillion rub, follows from materials of Rosstat. "Retail trade turnover in March, 2019 was 2668.0 billion rubles, or 101.6% (in the comparable prices) to the level of the corresponding period of previous year" — it is said in the statement. In the I quarter 20...


Photo: globallookpress.com the Real located income of Russians in the I quarter dropped by 2.3% in annual terms, Rosstat reported. "The real located monetary income (the income minus obligatory payments corrected on consumer price index), by assessment, in the I quarter 2019 in comparison with the corresponding period of previous year decreased by...


Photo: globallookpress.com Julian Assange Detained in Great Britain made an information revolution and changed understanding freedom of speech was declared by the Russian Foreign Ministry spokesman Maria Zakharova at a session of the Yalta economic forum. "Madam Mai makes the statement as it is remarkable, police officers pushed and packed the pers...


Photo: the Russian Foreign Ministry spokesman Maria Zakharova explained to globallookpress.com danger of fake news on the example of messages about murder of the journalist Arkady Babchenko. "Remember tremendous history: there is an UN Security Council. Information concerning "Babchenko's murder" arrives. The Minister of Foreign Affairs of Ukraine...