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Saturday, December 3, 2016

Forecasts for the exchange rate of the ruble has proposed a ban in order to avoid panic


The head of the Institute for the analysis of political infrastructure Evgeny Tunik, who offered to cancel elections for the duration of the sanctions, has launched a new initiative. This time he asked Dmitry Medvedev to ban Ministers and officials of the Central Bank to give any predictions on the dynamics of the ruble exchange rate, as these predictions provoke a “currency panic” among the population.

Evgeny Tunik photo: http://inapi.ru/

His appeal with a request to impose a moratorium on currency forecasts has sent a Deputy Prime Minister, Dmitry Medvedev. “Forbid members of his Cabinet of Ministers and government officials in General to make any predictions and assumptions on the development of the situation on the currency market”, — said in the letter, which is available to RIA Novosti.

As explained by the scientist, the exchange rate is one of the main factors on which the Russians pay attention when making important decisions: about major purchases, investments, job change, getting a loan and starting their own business. Among other economic indicators namely the exchange rate of the national currency is the most obvious for most people in the country, says Tunick.

The analyst believes that the statements of heads of the Ministry of Finance, Ministry of economic development, Central Bank, Sberbank and former Minister of Finance Alexey Kudrin are the main reason the “domestic currency panic among the population”. Quite often forecasts of officials performed “exactly the opposite”.

In the opinion of the Tunic, people whose work is connected with economic and financial policies should not make any predictions publicly, as they are the “carriers of the insider information and theoretically can be manipulated in the interests of certain groups of influence”.

Forecasting foreign exchange situation, the author of the initiative proposes to leave to the professionals. And officials should use the dialogue with journalists the phrase “no comment.”

Recall that in early February, Evgeny Tunik sent a letter to Duma speaker Sergei Naryshkin, in which he proposed to amend the Constitution so as to dispense with the holding of parliamentary and presidential elections at the time of sanctions. In his opinion, such measures “will protect Russia from externally imposed regime change and the subsequent collapse”. In the state Duma the initiative Tunic rejected.

In March, the head of the Institute for the analysis of political infrastructure made another controversial initiative. Tunick suggested Dmitry Medvedev to move the capital from Moscow to Sevastopol. This, in his opinion, will contribute to international recognition of the Crimean Peninsula a part of Russia. The Ministry of justice reacted to this idea with caution.

Sanctions . Chronicle of events

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