The dollar rate grew to 34.7 rubles, the euro rate to 47.49 rubles. The situation is regarded as “panic”.
January 27, the euro reached an unprecedented mark – 47.49 rubles. The dollar also rose to 34.7 rubles. The banks of some regions of Russia note a lack of currency, experts talk about a “panic” situation. Although the decrease in the ruble exchange rate is not able to positively affect economic growth, thanks to it the revenue indicators will increase the raw materials and the country’s budget will be significantly replenished with. The external reason for the fall of the ruble is the pressure on the currencies of most of the countries on the eve of the meeting of the federal reserve system. The meeting participants expect that it will affect the continuation of a reduction in the stimulating program. The internal reasons for the fall of the course include the information background around Sochi-2014 and the situation in Ukraine. National manufacturers consider the rate of the course as a positive signal, since it will reduce prices for exported products and increase its competitiveness. In particular, oil companies will benefit from the fall of the ruble, which will affect tax revenues from them.“The weakening is unambiguous for those who have a stable production base, and for whom it is just a decrease in costs. But for the one who pursues an investment policy, modernizes, there is more a minus than a plus, ”said Minister of Economic Development Alexei Ulyukaev.
Judging by the words of the official, he is not sure of the benefits of falling the ruble course for economic growth. And in Ukraine, recent events led to the collapse of the national currency. During the December of last year, the hryvnia rate fell by 20% and reached the indicator that was observed in the country during the 2009 crisis.