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Monday, October 24, 2016

The Euro inched up after Belousov’s problem of perioralny ruble

The official Euro on Friday rose 60,55 COP to the level 70.3 ruble. While currently on the Moscow stock exchange the Euro exchange rate has risen 70,52 RUB exchange Rate of U.S. dollar rose to 63.95 ruble.

The sharp rise of the Euro and the dollar against the Russian currency has coincided with the statement by Russian presidential aide Andrei Belousov that the ruble begins to perekrestila, and it works in the negative, as it reduces the budget revenues, which increases the budget problem.

He added that the Central Bank and the government have the tools to solve this problem.

Rising prices and a falling ruble. Chronicle of events

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