West expects that the dollar will cost 15 rubles

Foreign Exchange Market Finansy06-08-2007 The current strengthening of the ruble exchange rate reduces the revenues of exporters, but restrains inflation. Western experts have not ruled out until the end of the year the Russian money may be soaring against the dollar. Russian authorities are already thinking about how to make the ruble one of the world's reserve currency. Country celebrated the tenth anniversary of the denomination - August 4, 1997 by decree of the then president of Russia Bank of Russia decided to reduce the par value of the ruble and change the scale of prices is a thousand times since January 1, 1998. On January 1, 1999 notes of old samples lost the status of a full-fledged Russian currency, but another 3 years to change them in the Bank of Russia without any restrictions. According to the deputy chairman of the Banking Committee of the State Duma Pavel Medvedev, then the denomination of the ruble had to against the backdrop of a serious slowdown in inflation, stabilize the currency - in particular, by the withdrawal of small coins and notes (and large numbers) from the calculations, as well as to enhance the role of the ruble and the gradual displacement of the cash flow within the country's currency. If 10 years of it being displaced by said "largely for the sake of a witticism, but now it's really important because of the strong appreciation of the ruble.