Monday, January 5, 2015

Sharp drop in the ruble. Old trend in the new year – TVN24 Business and the World

Sharp drop in the ruble. Old trend in the new year – TVN24 Business and the World

The national currency of Russia began 2015 years of strong decline. On Monday, in the chair. 18.25 (h. 16.25 in Poland) on the stock exchange in Moscow for a dollar paid 59.39 ruble, ie. By 3.40 ruble more than at the close of December 30, 2014 year.
 

The euro was given 70.70 ruble, an increase of 2.05 ruble more than przednoworocznym closure. At the beginning of Monday’s session – the first in 2015 – the dollar cost 58.35 ruble and the euro – 70.25 ruble. ZR & oacute; DLO: Wikimedia Commons Companies Belarusian recorded from January to October 2014. Deficit of 1 5 trillion rubles

The weakening of the Russian ruble rebounded last year, both on the situation of white … see more »

Further declines

So ruble continues the trend from 2014, when it against the dollar depreciated by 42 percent. Analysts in Russia is primarily associated with the decline in oil prices in the world. Proceeds from oil exports account for nearly half of Russia’s budget revenues.

On Monday, the price of Brent crude oil on the London Stock Exchange fell below $ 55 per barrel – up to 54.09 USD. That’s about 2.33 dollar (4.13 per cent.) Less than at the close of January 2. So cheap oil has not been since May 2009. By 2014, the price of Brent crude oil went down by 48 percent.



Crash in Russia

The pressure on the Russian currency also have the sanctions imposed by the West against Russia because of its aggressive policy towards Ukraine. As a result, Russian banks and state-owned companies have been cut off from the western capital.

The ruble exchange rate also affects the outflow of capital from Russia. According to the Bank of Russia in 2014, it reached 130 billion dollars, and in 2015 years may reach $ 120 billion.

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