Date: 6 months ago   Category: Finance

Siluanov has explained depreciation of the ruble with his undervaluation — Rambler News Service


Photo: Valery the First Deputy Prime Minister — the Minister of Finance of the Russian Federation Anton Siluanov during the press conference at the Moscow financial forum has explained to Sharifulin/TASS depreciation of the ruble with his undervaluation. "In general we consider that today ruble exchange rate is rather underestimated. It is connected with two factors: just with expectation of this second wave of sanctions pressure, on the one hand; on the other hand — with instability in the markets of the countries with the developing economies. First of all, it both Turkey, and Republic of South Africa, Argentina", – Siluanov has told. He has noted that first of all system, but not speculative, foreign investors try to leave emerging markets that influences ruble assets and ruble exchange rate. "We consider that such volatility shouldn't proceed long. Eventually, we together with the Central bank have levers of response to this situation, including regarding purchases of currency for reserves of the government which are carried out by the Central Bank … We use it" — Siluanov has said. Earlier today the euro exchange rate during trading of the Moscow Exchange for the first time since April 11, 2018 has exceeded 80 rub, dollar exchange rate for the first time since August 23 has exceeded 69 rub.

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