Currency mortgages became "Russian roulette»

Banks Finansy12-11-2008 Foreign Exchange Mortgages became "Russian roulette" The devaluation of the ruble, though small, experts say, is not far off. For recipients of ruble mortgage loans such an outcome even quite profitable, but the currency borrowers were in the "wolf pit". Analysts believe that the hardest hit are those who took a mortgage in the U.S., as their overpayment will increase by another and the difference in exchange rates. Events for Russian citizens continue to unfold not in the best light for them. Seemingly empty talk recently about the imminent collapse of the Russian currency begin to be realized. Central Bank chairman Sergei Ignatiev at a briefing in the Russian government, said he did not rule out increasing the flexibility of the exchange rate of the ruble. On Monday, he did not rule out the weakening of the ruble in relation to global currencies. The next day, his words were played on exchange of buying the U.S. dollar. As a result, the Bank of Russia could not hold the two-currency basket at the Monday - the ruble fell back immediately to 32 kopecks. And that, analysts say, is just the beginning. Most experts believe that such developments are not the most favorable impact on those who bought before the mortgage loans in foreign currency.