In step away from the crisis

Finansy13-08-2008 a step away from the crisis and warned as Bigness.ru, August for the Russian economy has stood out more than hot. Russian authorities tried to prevent the domestic economy to slide into the mire of global crisis. However, there is a liquidity crisis: starved banks with a vengeance took five times the increased assistance in the form of budget money. The Russian market could not resist news about the fighting in the Georgian-Ossetian conflict. Players, especially non-residents rushed into panic and began to actively throw denominated assets, which resulted in a return of Russian indices to two-year lows. Following the fall of the Russian currency against the U.S. dollar began a rapid outflow of capital from the country. Recall that on Monday the official dollar exchange rate increased by 69.15 kopecks, while the euro - by 48.12 kopecks. Only on Tuesday the market was back to square one: the dollar fell to 22.73 cent, while the euro - by 59.58 kopecks. According to analysts, players, intensified foreign exchange operations to "tyazhelevshih" dollar and the euro, have suffered significant losses.